Market Research: GBP

Source: Dukascopy Bank SA
Despite trading below the baseline for more than 50% from all time period between March 4 and March 10, the British Pound succeeded in gaining enough bullish momentum in order to gain value by Tuesday of the current week and close above 100 points. The currency added 0.61% on a weekly basis and used to be the fourth best performing, only giving a lead to US and Canadian Dollars, as well as the Japanese Yen. On the annual basis, however, the Sterling is currently the second fastest growing currency (+6.26%), while a clear leader is the Greenback which managed to appreciate by 17.39% since March of the previous year.

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