GBP and BOE Top 10: Levels, Ranges, Targets

A new category reported by the BOE: Top 10 most interested exchange rates for January 2018.

In order of appearance to include current break points and 5 year averages

GBP/AUD 1.7234 and 1.7274, 5 Year averages 1.8003

GBP/HUF 350.65 and 349.19, 10 year average 352.61

GBP/DKK 8.38 and 8.39, 5 year average 9.17. DKK remains a severe problem currency pair as Noise inside current prices is astronomical.

GBP/EUR. 1.1278 and 1.1271. Another severe problem pair.

GBP/HKD 10.42 and 10.56, 5 year average 11.44

GBP/JPY 155.11 and 153.66

GBP/NOK 10.84, 5 year average 10.80, 10 year average 10.16, 14 year average 10.65

USD/CHF 0.9726 above and 5 year average 0.9556, 10 year average 0.9805

GBP/CHF 1.3140 and 1.3131, 5 year 1.4043

GBP/USD Break points 1.4049 and 1.3449, 5 Year 1.4748

Note USD/CHF, GBP/CHF and GBP/USD. Outlier USD/CHF is a currency pair Triangulation and normally as in the old days of exchange rates is an arrangement for trade across border connotations. Today, arrangements are quite different as banks now report, offer and trade Reciprocal exchange rates to eliminate Triangulations.

In the Triangulation, GBP/USD is created from USD/CHF and GBP/CHF. USD/CHF is created from GBP/USD and GBP/CHF.

As stated in previous posts, the common theme in today’s currency prices is trade at or near the 5 year average


Brian Twomey