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  1. #1
    Legendry Member milos's Avatar

    Euro and the pound fell !!!

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    Euro and the pound fell to it’s the lowest level in the last month a half against the dollar during the Friday after better than expected results in the consumer climate encouraged speculation that the Federal Reserve will begin to reduce the program of monetary easing. Euro remained under pressure especially after the increasing belief that the European Central Bank is wiling to reduce the interest rate on deposits to negative value. EURUSD fell to 1.27960 is the lowest value of 4th April before it recovered slightly and consolidation around 1.28340 and thus declined from o.37% in U.S. trading on a weekly basis by 1.2%.According to the University of Michigan consumer climate index rose from 76.4 to 83.7 in May, the highest level since 2007 year. The expected level value of 78.0. Good results have triggered speculation about a possible re-suspension of the program of quantitative easing especially after the relative poor economic indicators published earlier that increased concern.
    The British pound continued to move near six week in the U.S. dollar. Good economic data in the U.S. have encouraged the growth of the U.S. dollar which resulted in the decline of the currency pair. The Bank of England has raised it’s growth forecast for this year and the next year. According to BOE is also expected that inflation will remain about 2% target over the next two years. Today it is expected to report on house price inflation.

  2. #2
    Legendry Member milos's Avatar
    The British pound is still slightly upward trend against the dollar that began yesterday after it was confirmed that GDP in the first quarter increased 0.3%. Higher growth of the British currency today is limited released report showed that the number of mortgage in the UK failed to meet analyst's expectation.During this month.forecast growth of 32.7 thousands were not fulfilled in the number of loans increased to only 32.2 thousand. During the morning sterling rose 0.08% against the dollar.

  3. #3
    Legendry Member milos's Avatar
    The euro was at this morning continued to fluctuate against the dollar. After the fall, which occurred after negative results were published in the euro zone that have shown decline in import prices in Germany and the deterioration of consumer climate in France a common currency by the end of the European trading managed to recover and make up for the loss. Index of consumer climate in France is unexpectedly dropped over the past month. According to the report, the index fell from 83 to 79 Consumer confidence dropped to the lowest level in the last five years. Analysts had expected growth of 85 Index of import prices in Germany. In April import price index fell 1.4% after falling 0.1% in March. Economists did not expect such a large drop. Import prices is 3.2% lower than a year ago. This is the biggest decline since November 2009. Today they met the Ministers of Finance of Germany Wolfgang Schäuble and his French counterpart Pierre Moscovici in Paris to discuss a package of measures that should be adopted in order to reduce youth unemployment. This plan should focus on countries with the highest rate of unemployment, such as Greece and Spain.
    The British pound is similar to the euro for most of the European trade fluctuated to the start of U.S. trading grew by 0.08%. The British currency was last week was supported by confirmation of GDP growth in the first quarter so was able to hold against the U.S. dollar, despite its growth. The four largest banks in the United Kingdom Royal Bank of Scotland, HSBC, Lloyds Banking Group and Barclays, which employs about 606,000 people worldwide by the end of the year to abolish 189,000 jobs due to the decline in revenue, which will reduce employment in the nine-year minimum.

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