There has been a lot of moving and shaking on the markets this Friday, so let’s see how the 8 majors were effected by the EU Referendum.
The biggest mover of the day is the Pound/Japense Yen with a decline of 7.93% or 1,211.2 pips as the pair experienced a sharp drop in the early hours of the trading day.
The top advancer of the day is the Japanese Yen. The safe haven currency strengthened to its highest levels since 2013 after UK citizens shocked the market and decided to leave the European Union.
Following is the US Dollar, who lost ground against the Yen by 2.42% on the back of Brexit surprise.
The referendum’s effect was far reaching and has spread to the three commodity currencies. The Loonie tops the three with a loss of 3.12% against the Yen and the Aussie Dollar is not too far behind with a slight gain of point 04% against the Swissie. And wrapping up the commodities is the Kiwi Dollar which saw a gain of 1.05% against the Euro.
And it has been a very active day for the sterling, which hit its lowest level since 1985, when UK Citizens voted to leave the EU. It has lost 3.81% against the Euro and it is the most bearish of the 8 majors.
So let’s move on to the long term chart where Aussie Dollar/Swiss Franc is the top advancer in weekly terms with a gain of 2.64%. Sterling/Yen has depreciated 5.74% in the same time period, and that’s the biggest decliner.
Euro/Pound has gained 6.24% on the monthly chart, and Sterling/Yen is down 13.42%-and that’s the months most bearish pair.
I’m Celeste Skinner and these were the Movers and Shakers for Friday. Tune in on Monday to see how the market is performing. See you then.
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