We pound yesterday, things went a little better after some of Longo EUR / GBP has been removed from the table because of new concerns, Ireland and Portugal. However, worthy of the data from Germany, France and Italy this morning gave the single currency, a fresh impetus, and the pound began to fall behind again. In relation to the suffering U.S. dollar, the euro is slightly ahead, now a little below 1.57, although its advance and was not convincing. Comments former member of the committee on monetary policy Kate Barker (Kate Barker) that further quantitative easing would have looked less than convincing against the background of high inflation were taken into account by traders, but has not yet been directly influenced by the pound. Barker made it clear that additional quantitative easing remains an open question, though, of course, laid down in the pound premium for such an outcome of events. Although the cable had to be pretty hard over the past few weeks, the technical picture looks good. Nevertheless, it is difficult to imagine how actually be able to grow a pound in the next few weeks before October 20, when public spending will be reviewed.
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