Forex Market Update : Epic Research Singapore

The pound has recovered slightly against the dollar Tuesday, following a selloff sparked by a weekend poll that showed for the first time a majority of Scots favoring independence from the U.K.

The pound GBPUSD, +0.05%   traded at $1.6116 Tuesday, up from $1.6097 Monday evening but still down sharply from around $1.6327 late Friday.

The euro EURGBP, -0.12%  recovered from earlier losses to rise against the pound, trading at 0.8035 pound Tuesday afternoon, compared with £0.8012 Monday.

The dollar USDJPY, +0.11%   traded at ¥106.11 Tuesday, compared with ¥106.02 late Monday after briefly touching ¥106.34, its highest level since October 2008.

The euro EURUSD, -0.06%  traded at $1.2949, compared with $1.2894 late Monday. It had fallen to $1.2867, its lowest point since July 2013, during Monday trade.

The euro EURJPY, +0.08%  traded at ¥137.39 Tuesday, compared to ¥136.72 Monday evening.

The WSJ Dollar Index BUXX, +0.08% a measure of the dollar against a basket of major currencies, was flat Tuesday afternoon, trading at 75.95.

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