Market news
05.12.2013, 13:17

European session: the euro stabilized

11:15 United Kingdom Autumn Forecast Statement

12:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%

12:00 United Kingdom Asset Purchase Facility 375 375 375

12:00 United Kingdom MPC Rate Statement

12:45 Eurozone ECB Interest Rate Decision 0.25% 0.25% 0.25%

The euro is traded steadily after the announcement of the ECB's decision on interest rates. As expected, the central bank has kept unchanged the key interest rate at 0.25 %. Recall that at its previous meeting, the ECB took the unexpected decision - to lower the interest rate by 0.25 % trying to somehow improve the inflationary situation , which caused serious concern. After this reduction , many experts noted that this meeting will likely not will present no surprises , and the ECB will leave rates unchanged . But despite such a forecast , some of the comments and statements may be important to assess the future steps of the ECB. Now investors are waiting for a press conference the head of the ECB , which will start at 13:30 GMT.

British Pound halted decline against the dollar amid Bank of England decision , which left its key interest rate unchanged in order to support the economic recovery gathers pace UK. This was stated by the results of the two-day meeting of the Committee on the monetary policy of the Bank of England. According to the statement , the interest rate remained unchanged at 0.5% , and the size of bond-buying program is stored in the same volume of $ 375 billion British pounds ( 614 billion U.S. dollars). This decision does not come as a surprise to investors. Usually in cases of code , monetary policy remains unchanged , the Bank of England does not release accompanying statements . Earlier in November , the Bank of England signaled Carney propensity bank representatives to the conservation policy in order to maintain growth and employment among Britons , while inflation has remained low-key . In addition, in the autumn forecast UK Treasury Minister of Finance noted improvement in the economic forecast of the Office of Budget Responsibility , as well as a number of initiatives for business development and the housing market.


EUR / USD: during the European session, the pair rose to $ 1.3638 , and then fell to $ 1.3580


GBP / USD: during the European session, the pair rose to $ 1.6403 , and then fell to $ 1.6326

USD / JPY: during the European session, the pair fell to Y101.84

At 13:30 GMT will be held monthly press conference of the ECB. At 13:30 GMT , Canada will release the change in the volume of building permits issued in October. At 13:30 GMT the United States will come in updated information on changes in the volume of GDP, the GDP price index , the index of personal consumption expenditures , the main index of personal consumption expenditures for the 3rd quarter , the number of initial claims for unemployment insurance , the number of repeated applications for unemployment benefits. At 15:00 GMT , Canada will release from the Ivey PMI index for November. At 15:00 GMT the United States will change in the volume of industrial orders for October.

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