Tuesday, November 9, 2010

GBP: Pound holds fairly well

Pound holds well enough on the background a little stronger dollar and weakening euro, reaching a level of 1.61, and the pair EUR / GBP 0.86. At night, the pound fell slightly after the news RICS that the index of housing prices fell to a 18-month low of -49 last month, far below forecasts. Supply and demand have fallen, the buyers and suppliers are equally careful in terms of sluggish market. The latter fact is likely to prevent further decline in housing prices in the coming months. Right now, the forex market turned his attention to the euro and the British economy, with its deliberation will continue to attract buying interest among those concerned about the prospects of the euro.

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