ECB and the Bank of England will be able to revive the...

ECB and the Bank of England will be able to revive the sluggish euro and pound


Mood of the players in the currency market on Tuesday , March 4th, elated . Participants gladly acquire euro by 13:30 MSK its exchange rate was U.S. $ 1,375 . Panic abated . Week opened at the strong emotions of players because of the events in Ukraine. In Asia, it has led to the collapse of risky assets , and that increased the U.S. dollar and stronger yen . Almost all currency pairs were recorded gaps .

“Published on the eve of the European session reports on the Eurozone and the UK did not support either the euro or pound. Pound even dropped to weak data on the volume of lending,” – said the bank trader ” Globex ” Ildar Ryazyapov .

” The euro / dollar leaves no hope for recovery to Friday’s levels , – commented on the events in the market head of the analytical department of the IR ” Golden Hills- AM Kapital ” Natalia Samoilov. – Lack of economic data from the eurozone, scheduled for Tuesday, will cause a couple to focus on market sentiment . and if geopolitical risks recede into the background , the demand for the single currency to rise again and will be maintained until Thursday , March 6 , which is scheduled meeting on monetary policy of the ECB . “

” Calendar publication of economic statistics Tuesday empty. Euro is unlikely to come from the trading range established over the past three days , – support colleague I.Ryazyapov . – Ahead of two important events for the euro and the pound . This is scheduled for Thursday ‘s ECB meeting and the Bank of England on monetary policy . “