Currency exchange rates today: Euro breaks the British Pound defense

Currency exchange rates today: the pound is plunging, the euro is rising above

In brief: Currency exchange rates today: single European currency remains strong against the weakening pound and the dollar bear trend.

Euro / Pound made its’ way above the mark stg0.8340 and as a result of the execution stops continued growth to stg0.8342. Rising dynamics of couples have a negative effect on the pound / dollar, which fell below $ 1.5800.

Meanwhile, sentiment against the pound / dollar remains bearish. Satisfactory data on the trade balance in the UK have had only a small assistance. According to dealers, Ofer for euro / pound located in the area stg0.8350, feet above. In the case of overcoming the mark stg0.8350 expect further movement euro / pound to the next resistance in the area stg0.8360/65 with larger feet on the breakthrough. From the talk in the market, at stg0.8360 strike is an option, expiring in New York today.

Anrey Torbinski
2010-08-10 09:33, Currency news.

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