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
US June CPI Preview: Can Cooling Inflation Open Up Fed Rate Cut Expectations? How Will US Stocks, the Dollar, and Gold React?The United States will release June Consumer Price Index (CPI) data this Tuesday, which is one of the most critical macroeconomic events in global financial markets this week. As US infla
The United States will release June Consumer Price Index (CPI) data this Tuesday, which is one of the most critical macroeconomic events in global financial markets this week. As US infla
As of the early Asian trading session on July 13, WTI crude oil ( USOIL) prices surged. Affected by the escalation of the US-Iran conflict over the weekend, the market has re-incorporated
Gold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.
West Texas Intermediate (WTI) oil price rises after two days of losses, trading around $74.20 during the Asian hours on Monday.
WTI rally takes a timeout amid signs of US-Iran war de-escalationWest Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday.
West Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday.
Related Instrument
