Technical Analysis

The strongest and weakest currencies this week are…..???

The GBP runs away with the strongest. The JPY and USD are the weakest

As the week comes to a close, it’s time to rank the strongest and weakest currencies.

The run away strongest was the GBP. That currency benefitted from the squeeze into all the votes, the blocking of the no-deal and I guess the hoped for extension of Article 50. What is still up in the air is if PM May can get the votes for her deal or if she can present another deal that the EU27 will agree to.  There may be the question of whether the EU27 will agree to an extension. Government officials met with the DUP leaders today and made “progress” with them (for votes).  Talks will continue over the weekend and early next week).  

The weakest currency was the JPY and the USD. The JPY was hurt of flights out the safety of the JPY as global stocks moved nicely higher. The US saw most of the declines vs the GBP and EUR (a Brexit deal would help both presumingly).  

Peace..
ForexLive

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