Tuesday, June 17, 2014

Forex Market Update : Epic Research Singapore

The pound rose to a nearly five-year high Monday, briefly topping $1.70, on expectations the Bank of England would become the first major central bank to raise interest rates.

The pound GBPUSD -0.10%   moved up to $1.6983 from $1.6968 late Friday. 

The dollar USDJPY +0.13%   fell to 101.84 yen from ¥102.05 late Friday. The dollar has fallen 3.3% against the yen in 2014 to date.

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