Market Research: GBP

Source: Dukascopy Bank SA
With fairly improving expectations on the issue of the upcoming EU referendum in Britain, the largely politics-driven Sterling has been able to extend a rebound to another five-day period ended April 26. Along with Canadian Dollar, US Dollar and Swedish Krona the Pound hovered above the base line and finished the week with growth. On the other hand, the Yen continued to depreciate amid higher risk-on sentiment and rumours the Bank of Japan is ready to offer loans to commercial banks with a negative rate of interest. Now JPY is up by only 0.17% month-on-month, following a massive 1.57% drop it has posted over the observed period.

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