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Sterling GBP/USD 1 Week Chart After falling on Tuesday morning after the UK’s public deficit widened further than expected, the Pound (GBP) found its legs in the afternoon and rallied against the majority of its peers. The rebound appeared to be thanks to traders rushing to take advantage of the Pound’s weakness at the start... View article >
The Australian dollar has fallen this morning following a downgrade of China’s debt rating by US ratings agency Moody’s. The giant Asian nation has been assigned a new rating of A1 (from Aa3) by the agency on the grounds that its “financial strength will erode somewhat over the coming years.” It is the first time... View article >
Canadians are returning to work from what was for many, a very soggy Victoria Day long weekend. EURUSD spiked higher on Monday after German chancellor Angela Merkel told some students in Berlin that a “too weak” euro was behind Germany’s large trade surplus. FX traders only heard “too weak Euro” and the single currency spiked... View article >
Sterling GBP/USD 1 Week Chart The Pound (GBP) tumbled on Monday following recent opinion polls that suggested that the Conservative lead over labour had been greatly diminished since the release of its manifesto. The fall in the polls was largely prompted by criticism over the Tories’ social care proposals, which critics labelled a ‘dementia tax’,... View article >
As of writing, a little before 5am GMT on Tuesday, the Australian dollar has reached 0.75 versus the US dollar. This psychologically important level will be welcomed by Australian dollar bulls who, more than most, have suffered during the past two months after watching the currency decline from 0.7750 to 0.7328 between March 21st and... View article >
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