Pound against the more fragile, but stable last week, the euro, sterling has reduced the growth to more than one percent, and now there is a slight recovery after a strong start of the euro this morning, where the initial impetus near the level of 0.86 for the pair EUR / GBP has led to a quick sale to get closer to the area of 0.8550. Movement of the cable above the level of 1.60 was stable, although the pound benefited from the general tone of the weak dollar in the early stages. While some relief came because of the assistance of Ireland, the lack of detail and uncertainty regarding the size and terms of assistance from the British government is also a factor that adds uncertainty to the background for the pound. It is necessary to monitor developments in the coming days and weeks, given that it will affect the fiscal policy (more loans), forex (the pound to the euro), as well as the level of trust, as the British government is increasingly involved in the Irish situation. This is all the factors that we talked about earlier (in the main, the uncertainty of monetary policy) and that means the end of a volatile year for the sterling.
Translate this page
