Sterling Falls After Weak Data, Euro and Swiss Franc Remain HighDeltafx Admin 19 December 2022
The pound was one of the weakest currencies last week after suffering a massive sell-off following the release of weak economic data. This selling pressure was particularly felt against the Euro and Swiss Franc, which were among the strongest currencies last week. While the financial markets are clearly in a risky situation, the U.S. dollar is trying to return to a stable position by trying to buy higher. Meanwhile, the Australian dollar and the New Zealand dollar remain under pressure.