Plenty of moving and shaking on the FX markets this Thursday, so stay with us to find out more.
Sterling has surged against the Yen in a sharp rise and the pair is up by 2.69%, which is the day’s biggest move.
Analyst expectations were for a rate cut by the Bank of England, but Gertjan Vlieghe was the only of the 9 members calling for a quarter point cut, sending the Sterling sharply higher and it’s the most bullish major.
Australian employment change was short of estimates and Ozzy Dollar is mostly higher, trailed by the Swiss Franc.
Canadian new house price index rose more than expected and Loonie Dollar is point 16% up from the Single currency.
US jobless claims surprised on upside as they stood level, but Buck is mostly lower.
Reserve Bank of New Zealand said it will issue an unscheduled assessment of the economy next week and Kiwi Dollar is up only from the Japanese Yen, which wraps up the advancers and decliners table.
Weekly bulls chart is led by Sterling/Yen and the pair is up by close to 8%. Euro/Sterling shows the top decline over the same term, standing 2.41% in the red.
Moving on to monthly tables, Australia/Swissie is the top advancer and two pairs have appreciated by more than 5%. Sterling/Australia leads the bearish section with a slide of slightly more than 9%.
I’m Lucy Palfreeman and this brings Thursday’s Movers and Shakers to an end. Check back tomorrow for this week’s last report, but for now, goodbye.
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