It’s 3 PM GMT this Wednesday, so let’s see what has been moving and shaking in the currency markets.
Pound/Yen was moving higher until 9 o’clock in the morning and, although it saw limited movement later, it still is the Mover of the Day with a gain of 1.19%.
UK unemployment rate has dropped to its lowest level in a decade, and Sterling is the most bullish major by a notable margin.
Two other European currencies are trading within a narrow range of each other, with Swissie a fraction up from the Common Currency, which, in turn, is almost level with the Buck.
Kiwi Dollar has lost some ground as traders are betting on a rate cut, but it remains the most bullish of the commodity currencies.
Moving a fraction lower, we get to the Loonie, which is almost point 1% up up from the Aussie.
And there seems to be a decreased demand for safe havens, as Yen finds itself at the bottom of the Advancers and Decliners table.
Here’s how things look on the long-term charts. Pound/New Zealand has gained most over a week, as it stands 3.39% in the green. New Zealand/Dollar is the most bearish pair, having lost 3.65%.
Euro/Pound tops the monthly bulls chart with a gain of 8.28%, whereas the Pound/Australia has lost 10.41% over the same period, and it is the biggest decline.
I’m Kiays Khalil and these were the Movers and Shakers for Wednesday. We’ll be right back tomorrow to track the latest developments, but for now, goodbye.
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