Market news
23.10.2013, 12:19

European session: the pound fell

08:30 United Kingdom Bank of England Minutes

08:30 United Kingdom BBA Mortgage Approvals September 38.2 39.4 43


The British pound is reduced after the release of the protocol of the Bank of England, which reflected the unanimous sentiment of the Committee members to keep loose monetary policy with just a hint of the fact that the steady improvement of the economy of Britain can serve as a sufficient argument for further revision of the forecasts for the rate increase .

In respect of new policies transparent communication , which the lawyer is the new head of the Bank of England M. Carney , the report states: "At the moment it seems likely that in the 2nd half of 2013 unemployment will be lower and the rate of production - faster than expected in the August inflation report ".

However, says further , " On the basis of the latest statistics on the labor market is still too early to make any confident verdicts on the extent of the growth of productivity."

The yen rose to its highest level in two weeks against the dollar , as the volume of bad loans in China soared to a peak in July , stimulating demand for safer assets . The yen rose against all 16 major currencies.

Euro fell against the U.S. dollar amid evidence that the debts of the governments of the euro area in the 2nd quarter continued to grow. This indicates that , despite the return to the Monetary Union growth, one of the most difficult problems have not been solved.

According to data released on Wednesday the EU statistics agency Eurostat, eurozone public debt in relation to the aggregate euro area GDP in the 2nd quarter increased to 93.4 % versus 92.3 % in the 1st quarter and to 89.9 % in the same period the previous year.

According to the rules of the European Union , governments must keep their debt at a level not exceeding 60 % of GDP.


EUR / USD: during the European session, the pair fell to $ 1.3739


GBP / USD: during the European session, the pair fell to $ 1.6118

USD / JPY: during the European session, the pair fell to Y97.15

At 12:30 GMT the United States will import price index for September. At 14:00 GMT we will know the decision of the Bank of Canada Interest Rate and the accompanying statement will be made of the Bank of Canada. At 14:00 GMT Eurozone will release an indicator of consumer confidence for October. At 14:30 GMT will publish a report on the Bank of Canada's monetary policy. At 14:30 GMT the United States , there are data on stocks of crude oil from the Ministry of Energy . At 15:15 GMT will be a press conference by the Bank of Canada . At 21:45 GMT New Zealand will release the trade balance (for 12 months , from the beginning of the year ) and the trade balance for September.

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