GBP has been losing against most currencies
by John on 11/12/08 at 3:31 am
If you check a couple of GBP weekly charts, you’ll notice the GBP has been losing ground against most currencies.
This EUR/GBP chart shows the Euro has been in a rally against GBP for a long time.
If you take a look at GBP/JPY and GBP/USD you’ll see the GBP has been the weakest link:
The long term trend is clearly against the GBP. GBP is currently getting hit against the most important currencies.
