The GBP/USD currency pair traded fairly calmly on Wednesday but still continued its upward move during the day. For the second day in a row, UK data supported sterling that the market had previously ignored.

The EUR/USD currency pair was practically immobilized for most of Wednesday. As expected, minor macroeconomic releases attracted no interest, and market leadership clearly no longer belongs to indicators like ZEW indices or U.S. existing-home sales data.

The GBP/USD pair traded quietly on Tuesday, and UK morning data provided only short-lived support for sterling. As we expected, Tuesday's macro prints did not provoke a big market reaction.

The EUR/USD pair traded calmly again on Tuesday. It's not that the euro has managed a convincing rally in recent days, but the lack of further decline is already good news for the single currency. Over the past five weeks, the euro has only moved down, and the market used any pretext to sell.

The GBP/USD currency pair traded fairly quietly on Monday, as expected. The riots and nationwide unrest didn't hit the pound, so it didn't drop significantly. That said, it would be wrong to say nothing interesting is happening in the UK. Over the past two years we have often used the phrase "American farce," because events in the US sometimes took on a comic character.