The Pound was higher versus the New Zealand dollar as the Reserve Bank of New Zealand gets set to release its monthly interest rate decision on Wednesday.
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JoinedAug 21, 2020, 10:11 BST
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Kevin George has over twelve years' experience in financial markets trading, which included stints in London and New York, trading equities and currencies. He has also traded in commodities, equities, futures and options. He has extensive technical-experience and combines this with a fundamental overview.
He has published for SeekingAlpha, where he runs his own subscriber newsletter and graduated with an MSc in finance in 2017.
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EURGBP was higher for a third day as the Pound continues to be weighed down by a collection of gloomy outlooks.
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It's rare to see a global currency losing against the British Pound this week as Brexit hostilities return but the Aussie Dollar has claimed that title.
The GBPZAR was lower on the week once more despite gloomier forecasts for the South African economy.
The CADJPY was weaker this week despite a recent bounce in oil prices and weaker Japanese inflation.
Barclays share price was lower by 2.25% on Friday and was back below the 100p level as talk of negative rates in the U.K. added to Brexit fears.
The Dow Jones index is trading in a tight range between the 27,500 and 28,300 levels and we should see a breakout in one direction soon.
The EURGBP has moved back into a recent range after the panic move higher lost some steam. Despite this, the pair still trades 150 pips above the .9000 level.
The GBPJPY is mixed on the week after reversing yesterday's losses but the weekly picture highlights the risk of further losses in the pair.
The GBPTRY is pressing higher as the Lira remains under pressure against global currencies, but next week sees the Turkish Central Bank meet to discuss interest rates.