GBP: Second place – Rabobank
Source Fxstreet
The Pound Sterling (GBP) is no longer the best performing G10 currency in the year to date, having been bumped into second place by the mighty USD, Rabobank’s FX analyst Jane Foley notes.
GBP continues to hold its own vs. the EUR
“Cable has dropped around 1.7% since the start of last month, mostly reflecting the popularity of Trump trades in the weeks leading up to the US election on November 5. That said, the GBP continues to hold its own vs. the EUR.”
“Indeed, the single currency is the weakest performing G10 currency since the start of last month. We retain our forecast that EUR/GBP is likely to edge to the 0.8150 level on a 12-month view.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on July 9, after WTI ( USOIL) crude oil prices rebounded sharply for two consecutive trading days, oil prices hovered and adjusted around $73.30 today. From the te
The GBP/USD pair gathers strength near 1.3395 during the Asian trading hours on Thursday, bolstered by fading domestic political uncertainty.
Gold (XAU/USD) trades around $4,050 on Wednesday, down 1.40% on the day at the time of writing, as investors favor the US Dollar (USD) following a fresh deterioration in tensions between the United States (US) and Iran.
As of the Asian session on July 8, WTI ( USOIL) crude oil prices rose to around $72, rebounding significantly from previous trading sessions. From a technical perspective, oil prices had
US President Trump stated at the NATO annual summit on July 8 that he believes the US-Iran memorandum of understanding is "over." This means the temporary ceasefire state between the two
Related Instrument
