Market Research

Source: Dukascopy Bank SA
In the past week the market seemed to be largely dominated by the European currencies. The undisputed leader was the Pound, which was pushed up by the UK Prime Minister's announcement on Tuesday and held its index 1% above its closest peer for the remainder of the period. The GBP Index dropped below the baseline ahead of the unscheduled announcement, but as Mrs. May called for the General Election to be held this June instead of in 2020, clearly aiming for getting more support in the Brexit talks, the measure went into a rally, climbing above the +2% line by evening and ultimately posting a 2.12% weekly growth.

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