Great Britain pound continued its almost a week long rally against the currencies of Eurozone, U.S. and Japan, as the traders believe that the Bank of England will turn its head to inflation rather than the lack of the financial liquidity.
There is now a three days of consequential growth on the GBP/JPY Forex pair, but it still is quite moderate result for this trading instrument. Withing these three days GBP/JPY easily went up from 208.66 to 213.42.
GBP/USD shows a 5th day of the pounds rally as many carry trade investors become interested in this type of gain with the signs of more cuts by the Fed in the near future. While rising for a longer period, pound gained less against dollar than against yen it went up only from 1.9428 to 1.9699.
EUR/GBP being a less traded pair is showing a 6th day of decline now with every days drop not exceeding even 20 pips. Since 7th of February it declined from 0.7460 to 0.7421.
If after the next monetary policy meetings of the Federal Reserve and the Bank of England interest rates difference will increase even more between pound and dollar, it will certainly support such rally again.
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