Market Research: GBP

Source: Dukascopy Bank SA
During past five trading days, the British Pound was a clear under-performer on the market. This currency lost just slightly less than 1.97% from Wednesday of the previous week till Tuesday of this week, only growing against the US Dollar by 0.61%, which itself lost 2.66% across the board. The Sterling has also traded below the baseline for the most part of all time during the period, only making a small exception on Thursday. The Swiss Franc and New Zealand Dollar, in turn, were the major gainers last week, which resulted in a jump of their crosses with the Pound which amounted to 4.04% and 3.65%, respectively.

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