Market Research: GBP

Source: Dukascopy Bank SA
The British pound could be named the star of the period as its index performed a beautiful act of last-minute recovery, jumping from the second worst to the second best in a span of eight hours. After spending the past week and a half trudging below the base level, the GBP index posted a gain that was surpassed only by the advancement of the period's leader, the Swedish krona. The pound faced the end of the period neck and neck with the U.S. dollar, outrunning it only by 0.01%. The currency's gains over other peers were much more substantial, reaching as high as 0.76% and 0.85% against the Kiwi and the Loonie. In the long-term view, the pound remains firm in its leading position with +3.1% half-yearly and +10.67% yearly changes.

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