GBP: Fears for eurozone contribute to the growth of sterling

The pound continues to feel relatively well, he still confidently above the level of 1.60, despite a significant increase in the dollar yesterday. Against the backdrop of renewed concerns about the forex market debt problems of the European periphery, additional QE in Britain is less likely in view of inflation prospects.

Not surprisingly, the preference is again returned to the pound. Nightly News reiterated that the economy is in a satisfactory condition; consumer confidence strengthened in the last month (according to the study of Nationwide Building Society), and house prices rose in October, the sixth consecutive month (according to the study LSL / Acadametrics). A pair of EUR / GBP fell to 0.8450 at night, referring to the 100-day moving average. If the debt fears Europe will deteriorate, then the market will probably prefer to pound the euro in the short term.

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