Our currency blog is written by Richard Nehme, a currency trader for International Foreign Exchange (IFX).

Richard has provided strategic currency services for a variety of seafood companies globally over the past 6 years.

Qualified in technical and fundamental analyses, he is a strong believer that with the right strategy currency markets should not impose the risk of a loss to anybody's bottom line.

GBP/USD hits 1.5000 level but ended up at 1.4919

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Upon the release of the unemployment data GBP/USD moved increasingly higher throughout the morning and managed to break the psychologically 1.5000 level to hit a high of 1.5054. The pair then fell over a cent throughout the afternoon