Market Research: GBP

Source: Dukascopy Bank SA
Markets were extremely calm and tranquil during the weekly period ended October 20. Market leadership was immediately taken by the New Zealand Dollar on Wednesday of the previous week and gains were preserved until the very end of the period. The Pound was the second-best performer as it also rallied by more than one full percentage point. On the side of gainers, the Aussie, Loonie and Franc also managed to advance in value. Meanwhile, the Swedish Krona tumbled as much as 2.54%, pushing its loss against the British currency to 3.4% on a five-day basis.

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