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GBP/USD edges higher on Friday, reaching the 1.2680s, as traders reduce their short exposure before the weekend. GBP/USD claws its way up from intraday oversold
Scope for the Pound Sterling (GBP) to retest the 1.2630 level; the major support at 1.2615 is unlikely to come under threat. In the longer
At the time of writing, GBP/EUR traded at €1.2032, virtually unchanged on the day. The Pound (GBP) was subdued on Thursday, losing ground against stronger
… Exchange Rates UK – Exchange Rates and Foreign Exchange
The dollar has maintained its dominance of global markets, primarily under the impact of higher bond yields while volatility remains elevated. Yields have been pushed
EURUSD plunged to a six-month low of 1.0543 on Friday amid strong support for the US dollar following the US presidential election and recent comments
Provided that 0.6490 remains intact, the Australian Dollar (AUD) could decline further; the major support at 0.6400 is unlikely to come into view. In the
The Euro (EUR) fell below 1.05 overnight but the dip was brief. Last seen at 1.0568 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong