Market Research: GBP

Source: Dukascopy Bank SA
During last period ended January 27, the Pound used to be one of the best performers among major currencies on the foreign exchange market. The British currency was hovering above the baseline for most part of the period, only except January 21. As a result, the currency was only outperformed by the Japanese yen in terms of weekly gains, while GBP/JPY lost 0.39% in five working days from Wednesday till Tuesday. The most noticeable gainers among GBP pairs were GBP/CHF and GBP/AUD which advanced 3.53% and 3.34% last week, correspondingly.

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