EUR euro advances against the pound yesterday, the euro advanced strongly against the pound, since Euro zone decreased by 25 points interest rates taking them to 1%. It is the lowest rate recorded in the history of the Euro zone. The euro was driven, above all, because investors now believe that Jean Claude Trichet will continue to show flexibility within the ECB. In addition, the euro added points by the publication of the German Factory Orders on Thursday. These two factors allowed the euro to advance throughout the day.The euro ended rising in 120 pips against the pound, and closed at 0.8908. Above all, by trimming interest rates implemented by the ECB. On the other hand, some investors have doubts about the financial capacity within the United Kingdom.
The euro recorded gains of up to 65 pips against the dollar and closed at 1.3362. This happened since economic publications were disappointing in the United States, also the result of the Bank Stress was not the best. Against the yen, the euro advanced 170 pips, given that the investor confidence returned to the Zona.Para Euro today is expected from both the United Kingdom and the Euro zone publications. The balance of trade, and the figures for industrial production at 10.00 GMT be published in Germany. In the United Kingdom, on the other hand, will be published the PPI Input and PPI Output at 8: 30 GMT.
These indicators will determine the level of variation both the euro and the pound throughout the day. JPY the yen gave against the majority of currencies on Thursday, the yen, it ended up ceding ground against most currencies. However, the main causes of this phenomenon were virtually outside factors. The yen suffered with force outside events. The yen investors are closely monitoring the possibility of a global economic recovery.The yen fell in 80 pips against the dollar and closed at 99.20, recording losses for a second consecutive day against the dollar.