Currency exchange rates today are stable. Exchange rate euro falls, the pound exchange rate rises above. Foreign currency analyst of Barclays Capital noted that a sharp decline in euro / pound on Wednesday, as well as signals of bearish divergence signals that the recent growth of the pair against the background of the closing of short positions ceased.
Currency rates are pound oriented today. As noted by Barclays Capital currency analysts, closing short positions on the euro / sterling remained the dominant trend today. Nevertheless, small signals of bearish divergence, which began to appear during the last days – the first evidence that the upward dynamics in a pair dies.
Dollar exchange rate grows as the pound falls to record low today. Pound / dollar continues corrective rollback and has already struck at the support level of 1.5220.
Rising dynamics of the euro / pound exchange rate mark lasted until stg0.8532. Then the positive momentum waned, despite the demand, which is reported to dealers located in the area stg0.8530/35.eu
The USD/GBP pair still remains in defensive position. Pound to dollar exchange rate is weakening. At first the pound to dollar exchanged rate managed to remain the same as the exchange rate EUR/USD pair that demonstrated confident recovering.
EUR / pound has established a sessional maximum around stg0.8457 ( after the euro / dollar ) and then, just as the euro / dollar fell. Now the euro / pound is trading near a mark stg0.8440. According to dealers, bids in the pair can be seen in the area stg0.8425/15 – if they can break a deeper reduction to mark stg0.8400.
BNP Paribas is no longer bet on the British pound. BNP Paribas analysts believe that the recent restoration of the British currency, apparently, becoming obsolete, and the weaker the data on an index PMI CIPS service sector in the UK is clearly not contributing to the development of the rising momentum in the pair.
Dollar exchange rate continues to move upward relative to the pound. Couple pound to the dollar set a daily minimum at 1.5117. Nevertheless, according to currency analysts, Barclays Capital, the uptrend of the last month, which can be described as two steps forward and one step back, continue.
Exchange Rate pound and the dollar stabilized in favor of the British currency. Pound begins to push the dollar to a minimum today. Restoring pound / dollar continued to mark of $ 1.5208, after which the positive dynamics of a pair of faded, and she again slid below the figure.
Contrary to common sense, the single European currency is increasing in the forex market. At the same time investors ignore the external background, the pessimism on the stock markets and a serious drawdown of oil. Euro is worth 1.2386 against the level of the start of today’s session at 1.2236. Supports informatio for the euro currency is the next – ECB concluded on Thursday a three-month distribution of loans between banks, apply – in total, allocated 131.9 billion euros at the fact that analysts had expected the volume to 200 billion euro.
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