Here’s what’s moving and shaking on the FX Markets at 3 PM GMT on this Thursday.
Sterling/Swissie is the mover of the day with a solid increase of 1.38%. The rate moved sharply up after 8 o’clock in the morning.
Bank of England left monetary policy unchanged earlier in the day and Sterling tops the advancers and decliners table as court ruled the UK must hold a vote in Parliament before starting the countdown to Brexit.
Antipodes trade mostly higher and Kiwi Dollar is point 23% up from the neighboring Ozzy Dollar as Australian trade deficit narrowed down sharply.
It’s a bank holiday in Japan and Yen is point 21% up from the Loonie Dollar.
US jobless claims and Non-Manufacturing PMI both disappointed and Buck is near the bottom of the table.
Euro is close to level with the Swiss Franc, which is currently the most bearish of the 8 majors.
Moving on to longer term performance charts, New Zealand/Canada takes the top spot on the weekly bulls chart with a rise of 2.64% and it’s followed closely by New Zealand/Buck. Dollar/Swissie is the top decliner and Canada/Swissie shows a similar slide as well.
New Zealand/Canada has had a bullish month and it’s the only pair that has gained more than 2%. Sterling/New Zealand tops the bearish section with a slide of 3.15%.
I’m Celeste Skinner and that’s all for Thursday’s Movers and Shakers. Check back tomorrow for this week’s last report, but for now, goodbye.
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