Market Research: GBP

Source: Dukascopy Bank SA
The British currency stayed strong throughout the vast part of the period from April 22 till April 28, by out-performing the majority of its counterparts and registering the second largest gain on a weekly basis. Except the first part of Wednesday, the Sterling traded well above the baseline in course of other days of the period. Until Friday, the Pound was leading market gains; however, a strong advance in the value of the Australian Dollar pushed GBP to the second place. In the meantime, last week's major losers used to be the US Dollar and Swiss Franc, as both of them posted an equal slump in value that amounted to 1.73%.

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