XE CURRENCY CONVERTER
| 1.00 GIP | = | 1.00000 GBP |
| Gibraltar Pound | ↔ | British Pound |
| 1 GIP = 1.00000 GBP | 1 GBP = 1.00000 GIP |
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Mid-market rates: 2013-05-23 09:59 UTC
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XE Market Analysis
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North American Edition2013-05-22 11:43 UTC
EUR-cross flows and central bank policy bias were significant influences. The dollar started the session on the softer side following yesterday's Fedspeak, which dampened the debate on tapering ahead of today's testimony from Bernanke. EUR-GBP pressed higher amid macro and model fund demand amid yesterday's weaker CPI reading; and gained traction after the BoE minutes revealed a 6-3 vote on unchanged policy, along with a batch of disappointing U.K. data ... Read More ►
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European Edition2013-05-23 07:14 UTC
Markets are still reeling from yesterday's Bernanke testimony and Q&A session, which covered both sides of the QE debate, though his admission that tapering could come in the next few meetings, depending on data, saw a big fallout in risk-trades. This was backed up by the FOMC minutes, which also echoed this view, while in Asia, there were heavy losses related to a big drop in China manufacturing PMI, while JGB market volatility also unnerved ... Read More ►
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Asian Edition2013-05-22 19:19 UTC
It was a choppy day in FX Land, with most of the gyrations the result of comments from Bernanke in his JEC testimony and Q&A. The greenback faded initially, as the Fed chief indicated QE would not be tapered any time soon (which naturally took equities racing higher). Later in Q&A, Bernanke contradicted himself to a degree, saying tapering could commence in as soon as a few FOMC meetings. This resulted in stocks paring gains, and the dollar ... Read More ►
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