Market Research: GBP

Source: Dukascopy Bank SA
Initially it was rather hard to choose, whether this report should be focused on either the British Pound or the Canadian Dollar due to busy fundamental calendar from both countries during the observed period. However, the presence of high-importance UK GDP data this week shifted our decision towards the British currency. Even though it spent all the time above the base line, the weekly gain reached only six tenths of one per cent. The Kiwi rose the most by 1.9%, in anticipation of the RBNZ rate decision on Oct 28. US Dollar surged 1.6% on the back of weaker Euro, while the Yen was up by 1%.

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