We watched with great interest the recent boom euro against the pound, during which today cross touched 0.84. Over the past three months, the pair EUR / GBP has been significantly limited by a very narrow trading band in the range of 0.84-0.86. In several cases during this period was the threat credible breakthrough level of 0.84, but only to suddenly turn around and go up. It remains to observe that again it again.There is an assumption that the monetary policy committee of Britain could raise interest rates later this week, and if that happens, then we can again get a short period of sterling good dynamics. As noted earlier today in the paper, European politicians are going to re-argue about how to respond to the debt crisis, which could unsettle the common currency.
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