Sterling Soared on Rate Speculations, Facing a String of Tests This Week to Confirm Bullishness Sterling was on the spotlight towards the end of last week after the hawkish speech from BoE governor Carney shot it up to a 19 month high against euro, with EUR/GBP breaking 0.8 handle. Over the week, New Zealand dollar was the strongest major currency after RBNZ rate hike and maintained its stance to tighten further this year. Aussie and Canadian dollar closely followed Sterling, which was the second strongest one. Euro extended the post ECB decline and was the weakest major currency last week, taking the Swiss Franc lower. Dollar wasn't too much better against the Euro and it only main very little gain against the common currency and the Swiss Franc. Indeed, the greenback was held below near term resistance against these two European majors. Yen was rather mixed after BoJ maintained policies unchanged last week, which triggered volatility, but no direction. Full Report Here... | 
|
No comments:
Post a Comment