Federal Reserve’s change of policy increases USD

Published on in Foreign Exchange News by
After last week’s euphoria, the USD remains under pressure although the Euro’s rally has ceased momentum for the time being after profit taking. This is hardly surprising with new trade wars between China and the US, as well as Middle East tensions on the rise again.

Sterling has held well after the Euro’s correction opening around the € 1.2400 level as the Pound is looking increasingly like somewhat of a safe-haven against a basket of currencies with global events and economic uncertainties. However there is reported corporate interest to sell Sterling ahead of the $ 1.6300 level where we ‘topped’ in April this year. Market speculators prefer to sell into any USD rallies after the Federal Reserve’s change of policy last week.

Main Currency Pairs * Yesterday Today
GBP/EUR 1.23800 1.24170
GBP/USD 1.62240 1.62430
GBP/CAD 1.57730 1.58380
GBP/NZD 1.95730 1.96580
GBP/AUD 1.54180 1.55620
GBP/AED 5.95680 5.95850
EUR/USD 1.31040 1.30790
GBP/CHF 1.51350 1.50440
GBP/ZAR 13.5294 13.3435
GBP/SEK 10.6168 10.6875
GBP/JPY 125.073 127.158
GBP/PLN 5.12310 5.08510
GBP/SGD 1.98050 1.98530
EUR/PLN 4.10590 4.10340
EUR/CHF 1.21300 1.21600
GBP/MAD 13.9049 13.7981
PLN/EUR 0.24360 0.24370
GBP/CZK 30.5471 30.3674
GBP/DKK 9.30010 9.23870
GBP/HKD 12.4925 12.5713
GBP/HUF 353.771 350.678
GBP/NOK 9.25700 9.26020
GBP/INR 89.2844 87.6585
GBP/THB 49.9682 49.9634

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