Market Research: GBP

Source: Dukascopy Bank SA
Even though the British pound was far away from being the best performer last week, the GBP Index was hovering above the baseline for the vast part of December 17-23 time period on rather positive fundamental data. The currency, however, managed to increase only 0.23% during the period, both outperforming and underperforming four currencies on the market. US Dollar posted the fastest gain of 1.76%, while the Japanese yen dropped as much as 1.66%, against which the Pound surged 1.67%. Despite that, the GBP went down against USD and CAD, by 1.36% and 1.47%, respectively.

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