Market Research: GBP

Source: Dukascopy Bank SA
The British currency traded in a rather calm environment during the October 22-29 time period, even though sometimes it managed to either gain strong value or decline considerably. Over the past five trading days the GDP Index added 0.28% and improved its monthly performance as well. However, it remains among one of the few currencies that lost value month-on-month, along with the Swedish krona, the US dollar, and the Loonie. Meanwhile, in a week's time the pound grew significantly against Japanese and Swedish currencies, gaining 1.21% and 1.57%, respectively, while it lost the biggest value of 0.83% against the Aussie.

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