CBI Industrial Trends Survey – United Kingdom

The pound shrugged off the risk events this week and ended up dominating all. The euro and the Swissy, meanwhile, both got a severe smack-down. So, what drove price action on these currencies? And how did the other currencies fare this week? Well, time to find out!

Hello, forex friends! The pound rallied hard on Monday, only to retreat on Tuesday. And if you’ve been wondering what that was all about, then read up on the two recent Brexit-related events that you should know about.

The yen got another major beat-down for the third week running. The pound, meanwhile, got rejuvenated. The pound still lost out to the Aussie in the end, though. So, what was driving forex price action on the these and the other currencies?

In case you missed it, the Scottish Parliament voted 69-59 in favor of having another Scottish independence referendum. And if you need a quick recap, or maybe you just want the most important details, then today’s write-up is just for you.