Home Economy Pound-Dollar and EUR/USD Hold Hands On Hips as Renminbi and Rand Stand...

Pound-Dollar and EUR/USD Hold Hands On Hips as Renminbi and Rand Stand Tall

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– GBP/USD treads water at 1.41 as EUR/USD loiters at 1.22
– USD recedes at glacial pace while CNH and ZAR stand tall
– FX rates inflate or deflate inflation-concerned economies

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  • GBP/USD reference rates at publication:
  • Spot: 1.4143
  • Bank transfers (indicative guide): 1.3740-1.3840
  • Money transfer specialist rates (indicative): 1.3880-1.4030
  • More information on securing specialist rates, here
  • Set up an exchange rate alert, here

The Pound-to-Dollar exchange rate slipped into the penultimate session of the week alongside EUR/USD as the greenback retreated from other currencies at a glacial pace, while the Renminbi and Rand stood tall in a foreign exchange market that is becoming increasingly concerned with inflation.

Pound Sterling and the Euro were treading water against the Dollar on Thursday while the greenback was itself receding at a glacial pace from the week’s highs against others in a market where the Chinese Renminbi was…

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