Right now, the foreign exchange market rewards the euro the ECB's commitment to maintaining long-term inflation, while lowering the finger down to the pound because of the acquiescence of England monetary committee in respect of high inflation. In the end, the euro helped to speculation that the mandate EFSF can be changed out to allow the sovereigns to borrow from the fund for the redemption of its own debts. Bonds peripheral countries have continued to rebuild on Friday in relation to the Bund at 10-15 points in Greek, Spanish and Italian bonds. Spain felt especially good as a plan of partial privatization Cajas was well received.Another factor supporting the euro, it's sharper tone on inflation from the ECB, although the bank president Trichet has hastened to reassure markets, pointing out that the Central Bank must not act in response to a temporary rise in prices for raw materials. ECB concern contrasts with the lack of excitement at the Bank of England. British inflation is now 3.7% compared to 2.2% in Europe.
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