Cyprus Pounds

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?

South Korea said on Tuesday an agreement with the United States to scrap a weight limit on its warheads would help it respond to North Korea’s nuclear and missile threat.

Britain’s economy recorded its weakest year-on-year growth since 2013 in the three months to the end of June.

The Greenback was able to hold on to most of its recent gains against some of its peers thanks to positive auto sales data and a strong showing in the stock market.