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GBP/USD2016-05-25 18:13 UTC

The pound has rallied to three-week highs versus the dollar and a near four-month-peak versus the euro. This is the second straight up day sterling has seen, and the currency is presently showing a 1.3% gain on the week and a 2.5% rise from the mid-May low. There doesn't appear to be a specific catalyst behind, with the bullish narrative remaining about declining Brexit odds. Bookmaker Ladbrokes continues to give 81% odds for the Brits to ... Read More 

XE Market Analysis

  • North American Edition2016-05-25 10:43 UTC

    The dollar traded mixed, gaining versus the yen, holding steady versus the euro, and losing ground to the Australian and New Zealand dollars. USD-JPY and EUR-JPY logged two-day highs, at 110.28 and 122.91 respectively. The Yomiuri reported that PM Abe will soon announce a delay in the planned sales tax rise, which is set for April next year. A risk-on mix of higher oil prices and rallying stock markets was also a driver of yen losses today, in accordance ... Read More 

  • European Edition2016-05-25 07:13 UTC

    The dollar traded mixed in pre-London trade in Asia, gaining versus the yen and sterling, holding steady versus the euro, and losing ground to the Australian and New Zealand dollars. USD-JPY and EUR-JPY logged two-day highs, at 110.19 and 122.80 respectively. The Yomiuri reported today that PM Abe will soon announce a delay in the planned sales tax rise, which is set for April next year, while there was a strong economist consensus in a Reuters survey ... Read More 

  • Asian Edition2016-05-25 18:13 UTC

    The dollar faded modestly through the N.Y. session, taking a pause from gains seen since the release of the FOMC minutes a week ago. EUR-USD touched two-plus month lows of 1.1129 before recovering to 1.1168 highs, as USD-JPY topped at 110.46 ahead of easing to 110.07 lows. Cable traded over 1.4700, and generally found support on dips under the figure. USD-CAD meanwhile, traded into 1.3050 following an encouraging BoC policy statement, and $49 handle WTI ... Read More 

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