GBP rules the roost and USD left mixed as.....>

FOREX: GBP rules the roost and USD left mixed as tension over Syria bubbles

-GBP was the breakout performer in G10 space, breaking above the week's highs to

sit close to the best levels since early February against the USD and at the

strongest against the EUR since late May. ECB minutes were relatively uneventful

but the repetition of the easing bias among the governing council helped ease

EUR/GBP through key support levels layered between Gbp0.8660-80.

-SEK was the poorest performer in G10 today as CPI fell short of expectations.

The subsequent NOKSEK rally tested Feb 2017 highs as EURSEK rose to fresh

multi-year highs on a move through initial channel resistance.

-NZD outperformed most others on heavy cross demand and, in particular, selling

pressure pushing AUD/NZD through NZ$1.05.

-Stronger commodities this week helped commodity currencies further, but a

pullback in metals and energy stemmed some of the strength in the US afternoon.

-German CPI and Uni. of Michigan data are due to be released tomorrow as well as

speeches from Fed's Rosengren, Bullard and Kaplan and an update from Moody's on

the USA sovereign rating.