Pound gains for a Third Day – Video Analysis

Pound gains for a Third Day –  Sterling continued has extended its ascent into a third day, with Cable punching out a fresh two-month high of 1.3480, along with GBPJPY, which has surged by nearly 2% over the last two days. The yen, which is generally regarded as the safe haven currency of choice, has clearly not been in demand despite the haemorrhage in tech stocks over the last day, and concerns about North Korea’s ongoing development of ICBM capability.

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Stuart Cowell

Senior Market Analyst


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