Forex Market Update : Epic Research Malaysia

The pound continued to move lower against the dollar during the North American trading day Thursday, reaching its lowest level since Sept. 9, 2014, as speculation mounts that it could fall all the way to $1.50 in the coming months.

The pound traded GBPUSD, -0.31%  at $1.5710 Thursday evening, compared to $1.5775 Wednesday.

The euro EURGBP, +0.02%  also moved higher against the pound, rising to £0.79441, its highest level since Oct. 16. It traded at £0.7884 late Wednesday.
The dollar JPYUSD, -0.42%  traded at 115.80 yen, compared to ¥115.47 late Wednesday.

The euro EURUSD, -0.30%  moved higher against the dollar Thursday afternoon, trading at $1.2475, compared to $1.2437 Wednesday.

The ICE U.S. Dollar Index DXY, +0.31% a measure of the greenback’s strength against a basket of six currencies, fell 0.08% on the day to 87.8220.

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