Market Research: GBP

Source: Dukascopy Bank SA
After establishing the stable tendency to grow in the beginning of the period, the British Pound decided to lead gains in course of the whole week, while outperforming the majority of its counterparts on the foreign exchange market. From Wednesday till Monday, the only Sterling's competitor was the Swiss Franc; however, sharp losses of this currency on Tuesday resulted in the unconditional leadership of the Pound by the end of the period. It rallied the most versus the Kiwi (+2.4%), as the New Zealand's currency continued to retreat for a third week in a row. Meanwhile, Australian Dollar was the second best performer last week, but it managed to accumulate just a 0.53% weekly increase in value, while the Sterling rallied 1.12%.

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