Thursday, December 2, 2010

GBP: Cable feel good during the rally world stocks

In early European trading session, there were offers of a pound, but given the decrease in the December volume is not worth it to pay too much attention. In general, the pound has been characterized by some kind of correction against the weaker dollar earlier this month, but there is nothing dramatic that only emphasizes that the pound was stuck between the dollar and euro. Sterling also traded as currency risk at that level, having a correlation to world stocks at 0.75, so that the cable is a good feeling during the rally world shares. However, leverage is not as strong as in vysokodohodnikov, Aussie has a correlation against the world's stock over the level of 0.90. At the moment, the pound continues to focus on fiscal and monetary policy debates, which become active as ever due to the influence of fiscal tightening and the choice of the direction of monetary policy next year.

Translate this page

Search This Blog