The pound will rise

In recent weeks, the UK economy has demonstrated extreme stability and statistics gives a good performance. In late August, there were data from the National Statistical Office, the economy in the second quarter increased by 0.7% compared with the first, or 2.6% since the beginning of the year. In September, we increased the number of approved applications for mortgage, consumer lending, as well as indexes of business activity in the manufacturing and construction sectors. On September 9, the British special day. Koroleva Elizaveta will be the monarch, who has been in power for more than all the previous rulers. By this momentous day special commemorative coins were minted in denominations of £ 20. It would seem, against this background, the national currency should demonstrate, if not increase, then at least be in a relatively stable state. But, as it turned out, it is not.

The British pound as of September 2, is actually oversold. Since August 25, he began his (still continuous) daytime drop protivamerikanskogo dollar lost from 1.5810 to 1.5270 3.4%. Falling pound against CHF began somewhat earlier, on August 19, wherein the first already lost 4.1% (from 1.5310 to 1.4670). The situation is similar with other currency pairs, except, perhaps, the weakening of the Australian dollar. Needless to say, many watch and four-hour support levels were breached.

Serious grounds for further continuation of the downward trend is not seen in September. Moreover, we expect serious correction, and possibly change of trend could well begin this week as the fundamental and technical factors. Current oversold the pound should be seen as an opportunity to form vantage points.

Global shares rise on oil prices

Global shares rise on oil prices stabilize In Europe and Australia, the share prices of mining companies is rapidly moved up on a background of recovery...

Oil futures continued to rise

Oil futures continued to rise. Brent 15-week high By 10:00 MSK November Brent futures are $ 52.72 per barrel for WTI - $ 49.59. The main reason Gain...

Ruble fell in anticipation of

The ruble fell in anticipation of the Central Bank meeting and amid weak activity Exporters This afternoon, the Russian Ruble reduced trades the currency...