British pound gains; Dollar falls against Swiss franc; Euro remains under parity; Sterling claws back against US dollar for third day in a row

The British pound is making incremental gains among the G10 set as the third quarter comes to a close.

GBP/CAD is 0.2% up at C$1.52, with similar price action being seen against the Swiss franc.

The GBP/USD pair is sitting at US$1.11, a small improvement from the previous day and marking the third consecutive day of clawbacks following the Bank of England’s sovereign bonds intervention. To find out the best rates click here

Despite gains over three days, GBP/USD faces a steep hill – Source: capital.com

The US dollar is fairly soft compared to its impressive run of late, partially due to yesterday’s gross domestic product (GDP) results that showed negative growth of 0.6% (though that was to be expected).

Against the Swiss franc, the dollar lost ground, though a bullish clawback is already being entertained on the four-hour trading chart.

Bullish support on the USD/CHF pair – Source: capital.com

The Euro is still under parity against the US dollar at US$0.98, but has gained slightly against CHF and CAD.

Today’s Eurozone inflation data is expected to come in at 9.7%, and all eyes will be on how the Euro responds to actual results. Get the best rates for Euro here