Foreign Exchange Outlook

Years with the shared expectations of the European Central Bank Executive Board has cut interest rates on euro and EUR / GBP investors can monitor the pre-November to consider the long-term interest rates high hopes of Great Britain.

Hopes for a reduction in the rate of pairing the European Central Bank Governors of the division was dragging on the euro and the EUR / USD may continue to return for the first time since November, in the organization, as a long-term investment expectations of higher interest rates in the United Kingdom after reaching the low level of 11 / 28 is 0.8233, a few rose to the level of 0.9805 in October is the Bank of England to reduce interest costs on the record low level in order to stimulate the economy sick, and the lack of dynamism in the extrusion at 0.9480-90 (21.4% FIB) should be continue to lower short-term guidance. During the next few hours trading, we see that the euro-pound found support at 0,8830-40 (61.8% FIB), and try to get back up for sale in the last week to fill the distance from the SMA 120, however, predict the future is the bottom open to U.S. and European markets, a reduction in market sentiment could lead, after a few weeks. However, as economic Roster for UK is expected to strengthen the weakening prospects for economic growth and inflation this week, especially because of, probably, pound, pound, and some may continue to work closely held wide art almost the recession in the global economy have intensified. Do not forget to check messages from a technical DailyFX for additional information on the currency pairs.