News and Reviews European Economic Zone

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK jobless claims unexpectedly fell

Wednesday, May 16, 2012

 

The number of people filing claims for unemployment benefits unexpectedly fell in England in April, recording the biggest monthly decline since July 2010, official data showed Wednesday.

 

In its report, the UK Office for National Statistics said the number of filings fell by 13.700 are seasonally adjusted in April, undermining expectations of an increase in 5000. results in the previous month was revised down 5400 from the previously reported increase of 3,600.

 

The unemployment rate was unexpectedly recorded a decrease to 8.2 percent from 8.3 percent, down for second month in a row. According to these data, the total number of unemployed reached 2.65 million in the last month.

 

The report also said that the average earnings index rose a seasonally adjusted 0.6 percent in April, below expectations for a gain of 1.0 percent, after rising 1.1 percent the previous month.

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Greek crisis continues to deteriorate the market

Wednesday, 16 May 2012

 

The global market continues to shake on Wednesday, as Greece's fragile situation remains the primary focus today. Doubts about the next election is expected to subside, after Greek officials announced that a new election date.

 

Pre-election polls have started to bring mengoyangkan market more than it should, indicating that the market situation was curious who the next head of the stick holder: left coalition is expected to lead, but at the same time close to 60% of the population would support that Greece is still in the zone euro, which it is contradictory with the Greek government wants parliament.

 

In the meantime, like adding fuel to the fire, the rate of yield has reached a critical level in Spanish and Italian debt markets so that investors have started to suggest that they turn away from these countries as well, fears of contagion.

[mynameisandhy]

News and Review of European Economic Zone

 

ECB policy making cackle European markets

Thursday, May 17, 2012

 

European stocks beaten, after the European Central Bank (ECB) to stop a bank loan to Greece. That means the stock market has been terpapas blue continent for the fourth day.

 

Europe Stoxx 600 Index fell 0.3% to 243.73 positions at 8:25 London time. European benchmark stock index has terpapas 3.3% in the last four sessions.

 

Meanwhile, some of the major exchanges such as the Stoxx 50 slid 0.46%. Then, the FTSE 100 index minus 0.45%, and the DAX index fell 0.14%.

 

Yesterday, the ECB said it will temporarily stop lending to some Greek banks to avoid risks. President Mario Draghi suggests, the ECB will not compromise on core principles to keep the Greeks remain in the Euro.

 

Besides the issue of Europe, the market is also depressed because of the Federal Reserve signaled the U.S. economy may need more stimulus. This indicates the U.S. economic recovery may not go smoothly.

 

For the record, on this day, some exchanges such as in Switzerland, Norway, Sweden, Denmark and Finland are closed over the holidays.

[mynameisandhy]

News and Review of European Economic Zone

 

The euro rose but still dihalagi concerns Greece

Thursday, May 17, 2012

 

The euro began to dare to climb today after being dropped to its lowest point during the last four months kemairn. However, this increase seems to be berlasung akanYunani briefly as fears still haunt.

 

Greek banks appear sluggish as the European Central Bank yesterday to temporarily revoke the loans because the banks can not recapitalize.

 

The euro rose 0.2 percent to 1.2738 per U.S. dollar. the range is still not far from the lowest range for four months at 1.2681 per U.S. dollar. so far this month, the euro was down 3.7 percent.

 

Concerns still menyenbar in Greece. Politicians who oppose the bailout policies are expected to win the second phase of elections to be held next June 17,

 

Meanwhile, the dollar stabilized at kisarsan 80.28 yen, not far from the range of highs during the last two weeks in kisasran 80.56 per yen.

[mynameisandhy]

News and Review of European Economic Zone

 

IMF Still Anticipating the Worst Scenario

Thursday, May 17, 2012

 

Chairman of the IMF has asked the agency to conduct a technical assessment of the possible exit of Greece from the Euro zone, but warned of the impact of these scenarios will cost a very expensive, therefore, the IMF hopes the new Greek government remains committed to the bailout program before.

 

Through a Dutch television interview in front of Nieuwsuur, IMF Director of Christine Lagarde said that it hoped the Greeks to form a government that supports emergency loan agreement.

 

Although the head of the IMF hopes Greece will come out of the Euro zone, but the agency feels compelled to anticipate the worst scenario.

[mynameisandhy]

News and review European Economic Zone (Germany)

 

German PPI moderate

Friday, May 18, 2012

 

Price pressures eased in Germany, according to data released today. Data derived from the euro zone's biggest economy shows that the European Central Bank still has the flexibility to pump liquidity to the market to relieve the increasing pressure of debt crisis in the eurozone.

 

ECB tries to memperthankan consumer price inflation in the 17-nation eurozone to below 2% for the medium term.

 

The producer price index which measures price pressures dilevel producer and regarded as an important benchmark for inflation at the level of pre-consumer, rose 0.2% on the month and 2.4% on the year, as reported by the Statistics Office Destatis. This was followed by an increase, without revision of, 6% on the month in March and 3.3% per year in March. The annual increase was recorded up at least since June 2010, Destatis reported.

 

Even excluding energy, prices rose only 0.2% on the month and 1.5% on the year. Energy prices have risen sharply compared to other major categories for the period per year, up 4.5% on the year. On the month rose 0.1% was recorded.

 

Among other categories, basic goods rose 0.3% on the month and 0.6% on the year. Capital goods gained 0.1% on the month and 1.2% on the year.

[mynameisandhy]

News and Review of European Economic Zone

 

Action Selling Encourage European Stocks Weakens

Friday, May 18, 2012

 

European stocks opened down on Friday the stock trading (05/18/2012). That triggered a sell-off of investors after Moody's Investors Service downgraded the Spanish bank.

 

Stoxx 600 Index fell 1.1% to a level of 239 at 8:04 AM London time. Index futures on the S & P 500 fell 0.1% in July. IndeksMSCI Asia Pacific fell 2.8%. "Fear spread so mencengkeran market where the storm began in Europe," said Nam Truong, Trader of Capital Spreads as quoted by Bloomberg, Friday (05/18/2012).

 

In addition, shares of Banco Santander SA and Banco Bilbao Vizcaya Argentaria fell after Moody's downgraded the bank's three levels. In addition, shares of BHP Billiton Ltd and Rio Tinto Group each fell 2.4% and 2.5%. That's because the sign of a slowdown in China.

[mynameisandhy]

News and Review of European Economic Zone

 

Rating Downgrade Spanish Banks Drag European Exchanges

Friday, May 18, 2012

 

Eight of the most powerful country in the world gather at Camp David today, the G8 summit discussed the agenda of the European crisis and how to get out of financial turmoil and economic area.

 

Estimated results of the meeting which was attended by Italian Prime, Mario Monti and the new French President Francois Hollande, it can provide assurance to market participants that the G8 countries will fully support the Eurozone and did everything possible to boost growth.

 

However, concrete measures of the outcome of this meeting is still doubtful that the European stock markets still slumped so far, post-credit rating downgrade some Spanish banks by Moody's rating agency. On the other hand there are still fears that Greece's problems could infect neighboring countries in the European region.

 

Observed so far, London's FTSE index fell -1.59% to as low as 5,244.50, while Germany's DAX stock declined -0.87% to 6,263.0 and the French CAC dropped -1.03% traded at 2,978.0 so far. Weakening temporarily suspended, as the circulation of rumors ban short selling in the stock following the fall of the Spanish stock index IBEX Spain.

[mynameisandhy]

News and Review of European Economic Zone (Switzerland)

 

Pressure Bearish Swiss Franc Strong

Monday, May 21, 2012

 

USD / CHF is currently under strong bearish pressure, test support at 0.9374. Bearish pressure is expected to be even greater if the support is transparent so that the Swiss franc strengthened against the USD is likely to continue until the range 0.9344 - 0.9311.

 

At the same time, the stochastic and the CCI 1 hour show possible indications that the market is in oversold condition. Thus, we will consider whether there will be a bullish signal that appears before the translucent support. If there is, then the pullback is expected to occur up to resistance at 0.9422 area. Bullish bias would return if the resistance is broken, and the opportunity for a bullish move up the range 0.9470 - 0.9499.

[mynameisandhy]

News and Review of European Economic Zone

 

GERMANY-FRANCE re-discuss the euro zone

Monday, May 21, 2012

 

German and French leaders will meet this week to revise the euro economic recovery plan after the Group of Eight (G-8) would disagree with the rescue strategy.

 

German Finance Minister Wolfgang Schaeuble will discuss the future of the currency that 17 European countries for the first time with his new colleagues from France, Pierre Moscovici, in Berlin today.

 

Meanwhile, European leaders are preparing for a meeting in Brussels on May 23, 2012. After three short meeting last week, German Chancellor Angela Merkel and French President Francois Hollande will mix and match the French desire to be a surge of economic growth in Germany with the option to trim the budget.

 

"We all love France would like to offer a new initiative of its new president. The German government is ready to say anything, "said Schaeuble told Bild am Sonntag newspaper yesterday.

[mynameisandhy]

News and Review of European Economic Zone

 

Euro Rebound Thin; G8 Sinyalkan Policy Orientation Differences

Monday, May 21, 2012

 

Euro Index in trading today (21/05, 04:05 GMT) generally show an upward movement observed on several other major currencies. After opening at around 101.14 in early trading (00:00 GMT), the currency has risen + 12 pips or about + 0.12% and at the time of this story down the rolling observed in the range of 101.26.

 

Meeting of the G8 leaders at Camp David yesterday generating support for Greece to remain in the Eurozone and support the acceleration of economic growth to overcome the debt crisis of the European region d.

 

Meanwhile, the economic fundamental indicators Current Account released in the coming days is expected by some economists will show improved performance, and could be expected to show a rise to a surplus of EUR 3.4 billion in the previous period is -1.3 billion Euro. Normal range on day Euro index is expected to have a support level at around 100.67 and resistance level at around 101.39.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK consumer inflation rate down

Tuesday, May 22, 2012

 

UK consumer price inflation fell beyond expectations in April, after posting a rise for the first time in six months in March, official data showed.

 

In its report, the UK Office for National Statistics said consumer price inflation rate fell to 3.0 percent in April from 3.5 percent in March. Analysts expect inflation in Britain fell to 3.1 percent.

 

On a monthly basis, consumer prices inflation rose 0.6 percent, the result is precise with analysts' expectations, after rising 0.3 percent in March.

 

The inflation rate remains above the Bank of England target of 2.0 percent. Bank of England governor must write to the finance minister every three months that inflation is more than one percent above or below target.

 

Core CPI, which excludes food, energy, alcohol and tobacco dropped to 2.1 percent exceeded the estimated seasonally adjusted in April from 2.5 percent in March.

 

According to the ONS, the biggest decline in inflationary pressures is the price of plane tickets, alcohol, clothing and marine transportation. Retail price index fell 3.5 percent last month, in line with expectations, after rising 3.6 percent in March.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Sterling Fall In Response Declaration IMF Managing Director

Tuesday, May 22, 2012

 

In the forex movements during the European session today (22/05, 09:27 GMT), British Pound in general shows the movement weakened against the U.S. dollar after opening at 1.5824 in early trading (00:00 GMT). Pound has fallen by around -46 pips or about -0.29% and at the time the news was revealed to be monitored on a revolving value of 1.5778.

 

At some time the Bank of England (BOE) decided to not add monetary stimulus policies by the fear of inflation. But with the statement from the Managing Director of IMF, it is estimated BOE will reconsider the decision.

 

While the Organization for Economic Cooperation and Development (OECD) also states that the debt crisis in Europe is seriously damaging the global economy. Normal range trading EUR / USD at today's expected to have a range of support level at 1.5788 and resistance at around 1.5852 level.

[mynameisandhy]

News and Review of European Economic Zone

 

European stocks propped Potential Joint Euro Bond Issuance

Tuesday, May 22, 2012

 

A number of European stock indexes rose this afternoon responded terkerek German plan to take strategic steps to improve the economy of Europe including Greece guarantee will remain in the euro zone at the EU summit in Brussels tomorrow.

 

Optimism that this form successfully placate the European bond market turmoil which began to fall from their record levels. Yield bond so far observed 10-year Italian tenor down 0:17 to 5.76% percentage points while the Spanish bond yield has declined 0:12 to 6:13% percentage points.

 

Another positive catalyst is a package of financial aid by the EU and the IMF will go to the Greek banking system today as much as 18 billion euros as early stage funds to recapitalize the financial sector from a total of 25 billion Euros.

 

In addition, there are other positive reports that the French, Italian and Spanish leaders proposing proposal seeks Euro zone bonds / bonds are secured together by a wider euro zone to restore investor confidence.

[mynameisandhy]

News and Review of European Economic Zone

 

Look forward to the European market Worried EU summit results

Wednesday, May 23, 2012

 

Most of the stocks in the major European bourses traded lower on Wednesday, a rally to stop the previous two consecutive sessions, as investors increase their vigilance against any development of the EU summit that is expected to discuss measures to shore up the economy of Europe.

 

German DAX and French CAC40 slipped into the red zone with each lost 1.8% and 2.05%. Similarly, the British FTSE index fell by 1.9 to 2% in the first hour of trading.

 

One of the things that is also expected to be discussed at a meeting of European leaders is the discourse of the bonds with the euro zone, which has received strong support from French President Francois Hollande, but still opposed by German Chancellor Angela Merkel.

 

With all the news from the European region continues to influence market movements, Greek banks are also likely to come back into the spotlight as the urgency of need funding to stabilize the banking sector. While Spanish is rumored that if the government will soon announce a restructuring plan Bankia the newly nationalized.

[mynameisandhy]

News and Review of European Economic Zone

 

Tear down the Greek European bourses in early session

Wednesday, May 23, 2012

 

Ahead of EU summit convening and statements Papademos, European stock markets fell in early trading Wednesday (23/05/2012). Investors will not take risks by making a sell.

 

Europe Stoxx 600 index fell nearly 1% to 242.31 after rising 1.9% in trading yesterday. Depressed market with a statement of former Prime Minister of Greece Lucas Papademos that the country was a contingency plan to get out of the euro. Although posing a risk big enough.

 

Although hastily clarified the statement that he did not understand these preparations. The market also did not want to risk ahead of an EU summit in Brussels today. European stocks decline led by banking stocks and mining stocks. HSBC shares fell 1.5% and Total shares fell 1.2%.

 

CAC con 1% to 3051.87 led by BNP Paribas shares of 1.8% and shares of Societe Generale fell 2.3%. But the weakening of Carrefour shares held up nearly 5%.

 

FTSE index fell 1.3% to 5332.29 led by HSBC sham 1.3%, BP shares fell 1.4% stake in Royal Dutch Sell down 0.1%. For the DAX index fell 1.3% to 6.34924 shares of Deutsche Bank-led decline of 0.2%. SAP shares fell 2.2%.

 

Asian stock markets also milking such as Hang Seng index turun1, 3%, the Nikkei fell 1.9%, Straits Times index fell 1.3%, the Shanghai index down 0.4%, Kospi index fell 1.1%, ASX index fell 1 , 3%.

[mynameisandhy]

News and Review of European Economic Zone

 

Although the poor UK data, the euro was weaker against the pound

Wednesday, May 23, 2012

 

The euro was weaker against the pound, because timbulanya concern that the EU summit failed to produce expected new measures to tackle the crisis in the euro zone as well as weak economic data from the UK.

 

Sentiment against the euro hit by renewed concerns Greece out of the euro after comments by former Prime Minister of Greece, Lucas Papademos said that the preparation of the release of the Greek scenario being considered. Nonetheless, Papademos then to clarify his statement, saying Greece is not prepare anything to get out of the euro area.

 

Meanwhile, concerns over the outbreak of the new French President, Francois Hollande, who prefer a move aimed at supporting the growth with a German pro-savings, continue to improve market sentiment, ahead of EU summit in Brussels today.

 

But the euro is still a sigh of relief, after the data from the UK showed the pace of retail sales in its largest drop since January 2010 in April, which fell 2.3 percent 0.8 percent decline undermined expectations, which still gives its support to the pound.

 

Meanwhile, the Bank of England meeting in May showed that policy makers consider the monetary stimulus, amid concerns over risks to the UK economic recovery from the crisis caused by the euro zone.

 

Euro monitored touch its lowest level against the pound since last weekend at the 0.8032 level during the European morning trading, which are then consolidated at the 0.8036 level, or slipped 0.14 percent. The euro weakened against the U.S. dollar and the yen, down 0.33 percent against the dollar traded at 1.2641 and fell 0.71 percent against the yen hit 79.38.

[mynameisandhy]

News and Review of European Economic Zone

 

Affected by commodity prices, the European stock rebound

Thursday, May 24, 2012

 

European stock markets rebounded as strong commodity prices globally. In fact, yesterday, the benchmark European stock correction is steepest since 23 April.

 

Strengthening of the shares reflected in the blue continent of Europe Stoxx 600 Index is up 0.6% at 8:12 pm London time. Meanwhile, several major European exchanges, such as the DAX rallied 0.39%. Then, the FTSE 100 advanced 0.50%.

 

Tension in the market looks a bit slack after meeting European Union leaders yesterday. There are few positive signals, after the European Union called on Greece to continue to make budget cuts to stay afloat in the eurozone.

As a result, prices of commodities such as crude oil rebounded from the downturn in the seven-month lows. In addition, copper prices in London were up 0.9%. The rate of the commodity markets was also responded positively by most global stock markets.

 

"But now the market is still confused and obviously concerned about the presence of Greece in the euro, and its impact if they are so outgoing," said Nader Naeimi, an analyst at AMP Capital Investors Ltd.

[mynameisandhy]

News and Review of European Economic Zone

 

Thin post-euro move data around europe

Thursday, May 24, 2012

 

Euro monitored recorded a decrease, although only marginally, against the pound. Gloomy euro zone PMI data again raised concerns about the influence of the debt crisis in the economy, but the pound is still some pressure in the UK after the recession gets worse, proven growth data released today.

 

The euro, which recorded a decrease in overall after data showed that manufacturing activity in the euro zone contracted at the fastest pace since June 2009 in May, while the activities of the service sector shrank at its sharpest rate in seven months.

 

In Germany, manufacturing activity also declined to its lowest level in nearly three years in May, triggering fresh concerns over the impact of the debt crisis in the euro zone's biggest economy the euro.

 

A separate report showed that the German Ifo business climate index deteriorated significantly exceeded forecasts in May, pressured by uncertainty in the euro zone.

 

Market participants are still avoiding the risk after a summit of EU leaders on Wednesday produced little progress in addressing the debt crisis in the region. The leaders reiterated that they still want to Greece in the euro area, but urged the country to honor its commitments to austerity measures and reforms required by the bailout program.

 

But the euro still has the support of the pound after data showed that the UK economy to contract by which even exceeded the original estimate in the first quarter of 2012, driven by the worst quarterly contraction in the construction sector since the first quarter of 2009. UK gross domestic product contracted at a 0.3 percent rate in seasonally menyesuaian first quarter, compared with initial estimates of 0.2 percent.

 

Euro tracked down session obtain any touch-pound level at 0.8001 level hit during the European morning trading, then trading experience level of consolidation in 0.8010, down 0.09 percent. The euro also struggled against the U.S. dollar and close to its lowest level in 22 months, slipped 0.10 percent touched the 1.2568 level.

[mynameisandhy]

News and Review of European Economic Zone

 

Try to ignore the European market Disappointing Data Series

Thursday, May 24, 2012

 

Most of the stocks in the major European bourses trying to survive in the green zone despite a series of survey results just released show more decline in manufacturing activity and business major euro zone economies. Concerns about Greece will exit from the euro bloc also continues to erode the market sentiment.

 

Although the need to trim some gains, the German DAX and French CAC40 still able to sit in the positive territory with each collected 0.85% and 1.15%. Similarly, Britain's FTSE is still recorded an increase of around 1.25% until the middle of the session Thursday.

 

Some investors trimmed their exposure to risky assets after the release of the results of the survey showed German business sentiment fell for the first time in seven months in May, which indicates if the economy terluat in Europe was not immune to the impact of the debt crisis. While some of the other data also showed French and German manufacturing sector shrank by their fastest pace in 3 years.

 

"This may indicate that an environment of uncertainty began to affect Germany as well, which made ​​investors more cautious with the market likely will remain volatile," said Keith Bowman, analyst at Hargreaves Lansdown shares.

[mynameisandhy]

News and Review of European Economic Zone

 

Euro to the worst week

Friday, May 25, 2012

 

Euro ahead of its biggest weekly decline this year as a growing European crisis dragged on. The euro continued to weaken against other currencies since last May 18 before the release of data next week that are expected to show consumer confidence in Europe declined slightly this month.

 

While the penangguran in April are expected to rise to its highest point in 21 years. dollar index rose to its highest range in the last 20 months as investors hunt for greenback abuzz.

 

Euro slightly corrected at 1.2537 per U.S. dollar. yesterday, the euro had dropped to 1.2516 per dollar, its lowest range since July 6, 2010. The euro was at 99.90 yen, after being down 0.2 percent to 99.76. Yen himself fell 0.1 percent to 76.69 per U.S. dollar.

 

Euro to decline implanted at 1.9 percent against the U.S. dollar inin week, its biggest decline since December 16. In the same period, the euro fell 1.1 percent.

 

A data will be released and will probably show a little consumer confidence slid to minus 19.3 in May from a range of minus 19.9 the previous month. While the unemployment rate in April will probably rise 11 percent, its highest range since 1990.

 

While the data from Italy are expected to show retail sales fell 0.2 percent in March after rising 0.6 percent in the previous month.

[mynameisandhy]

News and Review of European Economic Zone

 

The euro approached its lowest level in 2 years

Friday, May 25, 2012

 

The euro edged up from its lowest level in two years against the dollar trading session on Friday as market players are bearish market yesterday had little regard jualnyadi finish action this week, but worries about the possibility of Greece out of the euro zone and the risk of transmission would make this increase only moment.

 

The euro traded up 0.3 percent obtain any dollar at $ 1.2575, away from the level of $ 1,251.55, its lowest level against the dollar since July 2010 and dropped in the previous session.

 

Although able to rebound, the single currency was still recorded a decrease of more than 5 percent against the dollar so far this month and heading to the fourth weekly decline in a row.

 

The decline occurred because of the macro funds, real money and institutional investors to boost sales of the currency, due to concerns over the possibility of Greece leave the euro zone rose after an inconclusive election put the country are at risk of the worst, namely bankruptcy and possible exit from the currency bloc .

 

Against the yen, the dollar rose 0.1 percent traded at 79.65, supported by the importer Tokyo and short-covering ahead of long weekend in the United States.

 

While the euro was flat against the Swiss franc at 1.2015 francs level, after soaring to a level of 1.20769 francs in the session Thursday, its highest level since mid-March on the discourse of the Swiss government will impose a tax deposits and chatter that the Swiss central bank to start a little trade between the two manahn currency.

[mynameisandhy]

News and Review of European Economic Zone (Switzerland)

 

Strong Swissie; Can Act SNB Intervention

Friday, May 25, 2012

 

Once the move is abnormal trading yesterday, the Swiss franc today (25/05, 09:50 GMT) strengthened against the euro on trade EUR / CHF. Opened at 1.2016 in early trading (00:00 GMT), the currency has gained about = 2 pips or about -0.02% and the scrolling seems to be in the range of 1.2014.

 

Positive sentiment appears strong against the Swiss franc, after the Federal Statistical Office (Switzerland announced publicly that the population of Switzerland is working to increase and show a positive performance in the labor sector.

 

The development is indicated by an increase in fundamental economic indicators rose 4.05M Employment Levels of value in the previous period is 4.04M. The increases were performing in accordance with the estimated number of economists, who expected to rise to 4.05M.

 

Meanwhile, the Swiss franc also rose today against a U.S. dollar. Opening price is at 0.9585 in early trading (00:00 GMT), the currency has gained about + 35 pips or about -0.37% and the value of 0.9550 is observed rolling.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Sterling Stronger; Housing Sector Reports Positive Feedback Wind

Monday, May 28, 2012

 

Movement of the British Pound in forex trading today (28/05, 08:52) showed an upward movement observed. The currency opened at the range of 1.5675 in early trading (00:00 GMT) and then rose a thin approximately + 6 + pips or about 0.04% and the rolling observed in the range of 1.5681.

 

British pound tracked accept the positive sentiment of investors, after Hometrack Ltd.. announced an increase in performance on the UK housing sector. Average price of homes in Britain have increased and the increase is a monthly increase for the third time. Reported housing prices increased by about + 0.2% in May, and for the large urban areas / major cities increased by about + 0.6%. British Pound currencies tracked moving positively respond to these developments.

 

Normal range of movement of the GBP / USD at today's expected to have a range of support level at 1.5636 and resistance at around 1.5707 level.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

The results undermine Pound Greek polls

Monday, May 28, 2012

 

Pound weakened for the first time in five days against the euro after a poll showed that the Greek people sympathetic to the party that supports the policy of the bailout before the general election held next month's second stage.

 

Sterling weakened against 13 of the 16 other currencies before a report this week are expected to show a deteriorating consumer confidence and manufacturing activity is shrinking.

 

Pound weakened 0.5 percent to 80.32 pence per euro. Against the U.S. dollar, the pound rose 0.2 percent to 1.5699 U.S. dollars. last week, the pound fell to 1.5631 per U.S. dollar range, the value terendhanya since March 13.

 

UK government bonds with a maturity of ten years rose two basis points to 1.77 percent.

 

Sterling was up 4.3 percent in the last three months, well into the best-performing currency among 10 other currencies. In the same period, the yen rose 7.3 percent and the dollar rose 5.7 percent.