Forex Market Update : Epic Research Malaysia

An initial relief rally in the British pound after Scotland voted to remain in the U.K. fizzled on Friday. Market players are attributing the pound’s pullback to investors taking profits after the currency’s rose leading up to the closely-watched vote.

The euro GBPEUR, +0.14% traded flat against the pound at £0.7870 Friday, compared to £0.7856 Thursday.

the euro EURUSD, -0.71%  eased to $1.2840 from late Thursday’s $1.2920. The Australian dollar AUDUSD, -0.71%  bought 89.40 U.S. cents for a loss of 0.5% on the day, according to FactSet, while the Canadian dollar USDCAD, +0.21% traded flat against the U.S. dollar at 91.36 cents, compared to 91.39 cents late Thursday.


The ICE Dollar Index DXY, +0.60% a measure of the dollar against six rival currencies, rose to 84.7710 from 84.2870. The WSJ dollar index BUXX, +0.49% which measures the dollar against a slightly larger basket, rose 0.4% to 76.83.

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