Market Research: EUR

Source: Dukascopy Bank SA
The past period was hugely successful for the British pound. Spending the whole period above 101 level, the GBP Index surged to 102 on Wednesday ahead of the UK's first quarter GDP announcement, however than, started to decline gradually. Meanwhile, UK GDP is 0.4% quarter-on-quarter compared to the 0.6% readings in the last quarter of 2015, while the yearly change stayed at 2.1%. Even the eased Brexit risks did not manage to support the currency. From there on, the Index held well above the baseline and maintained the leading position. The week was much less fortunate for the Asia-Pacific currencies and the European currency.Thus, during the April 21-28 Asian session, the Aussi's and yen's measure have lost more than 2 points making them main losers of the period. The pound, in turn, held above its peer currencies for the whole period.

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