Market Research: GBP

Source: Dukascopy Bank SA
The pound's evolution throughout the past five trading days was wavy, but, after the plunge on August 19 CPI data, the base value for the currency was not high, and the GBP Index managed to hold above the baseline for most of the period. The index posted a 0.22% weekly gain, significantly improving its results compared to the past few periods. Three of the observed currencies — the U.S, the Australian, and the Canadian dollars, — were steadily surpassing the pound, and ended up reporting greater advances. The other currency indexes finished the period well below the baseline. Meanwhile, the monthly change of the GBP Index remained negative.

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