With UK GDP provisionally confirmed, the day trading markets saw Japanese inflation move above zero due to food and energy prices, and the safe haven Swiss franc benefit on the Euro’s loss.
A half-yen jump early last Monday was to be the pound’s sole victory over the yen. By lunchtime it was on its...
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Archive for December, 2010
Forex Day Trading: Sterling Drops Against both the Swiss Franc and the Japanese Yen
Forex Day Trading: Sterling Struggles Versus Dollar as US Currency Capitalise on Safe Haven Status
A one-way street took the pound four and a half cents lower against the dollar last week, which itself was the week’s best-performing currency. It was a little more than half a cent off its earlier lows when London opened.
It was a week for non-data economic news. Although the problems of peripheral Euroland weighed...
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