Market Research: GBP

Source: Dukascopy Bank SA
The Pound's performance throughout the past five trading days changed from time to time, as after the unexpected decline of October 14 CPI data, the base value for the currency plunged and the GBP Index fell below the baseline, even though it traded above it for the most of the period. The index posted a 0.91% weekly drop, subsequently limiting its four-week gain to minor 0.04%. Among other currencies only the Canadian Dollar showed worse development during the past week, as it declined 1.1%. On the other hand, the Japanese Yen, Swiss Franc and New Zealand Dollar advanced 1.4%, 0.76% and 0.67% in five trading days and reported the fastest weekly gain.

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