Israeli Prime minister Netanyahu speaks with President Obama

Published on in Foreign Exchange News by

Friday saw a continuation of Thursday evenings sell off in the Dollar as Sterling rose to a four month high against the greenback. Perceived riskier currencies gained after the fed said it would pump $40 billion into the world’s biggest economy each month until it saw a sustained upturn in the weak jobs market.

The Pound rose more than ½% to trade at its strongest since late April however, demand for the Euro against the dollar caused sterling to falter to a 3 month low against the single currency. This morning GBP has remained at the same levels in early trading as the Market awaits news from Madrid after comments from the Spanish Finance Ministry appeared to be paving the way to asking for assistance in tackling its huge debts.

On Sunday Israeli Prime minister Netanyahu pumped up the political rhetoric with President Obama warning that Iran was just 6 months away from the brink of building a nuclear bomb and demanding the US confront Tehran with a strict ultimatum, stoking speculation that Israel might attack Iran within months.

EU trade Balance is the only data of any note today as the market looks ahead to CPI inflation data for the UK on Tuesday and Wednesdays publication of the minutes from the MPC’s September meeting.

Main Currency Pairs * Friday Today
GBP/EUR 1.24180 1.23800
GBP/USD 1.61880 1.62240
GBP/CAD 1.56380 1.57730
GBP/NZD 1.93890 1.95730
GBP/AUD 1.52850 1.54180
GBP/AED 5.94520 5.95680
EUR/USD 1.30330 1.31040
GBP/CHF 1.51350 1.51350
GBP/ZAR 13.5294 13.5294
GBP/SEK 10.6168 10.6168
GBP/JPY 125.073 125.073
GBP/PLN 5.12310 5.12310
GBP/SGD 1.98050 1.98050
EUR/PLN 4.10590 4.10590
EUR/CHF 1.21300 1.21300
GBP/MAD 13.8542 13.9049
PLN/EUR 0.24360 0.24360
GBP/CZK 30.5471 30.5471
GBP/DKK 9.30010 9.30010
GBP/HKD 12.4925 12.4925
GBP/HUF 353.771 353.771
GBP/NOK 9.25700 9.25700
GBP/INR 89.2844 89.2844
GBP/THB 49.9682 49.9682

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