European focus: The pound rose
07.02.2011, 10:54

European focus: The pound rose

The euro rose against the majority of its major peers after European Central Bank board member Jose Manuel Gonzalez-Paramo said interest rates will have to rise if inflation doesn’t start to decline by the end of this year
Europe’s single currency snapped a three-day decline versus the dollar and climbed a second day versus the yen. 
“We cannot let it get beyond our control,” Gonzalez- Paramo said in an interview with Spain’s ABC yesterday, referring to inflation. Even so, the ECB thinks the pick-up in inflation is temporary, linked to raw materials prices, and that it will start to fall again at the end of the year, he said, according to the newspaper.
German reports this week will show factory orders climbed from a year earlier and industrial production expanded. 
The pound rose on speculation the Bank of England will be forced to raise interest rates to contain inflation.
The pound rose before a report likely to show U.K. manufacturing expanded for an eighth month in December. Output rose 0.4 percent after a 0.6 percent gain in November, the Office for National Statistics is predicted to say Feb. 10.
On the same day, the Bank of England is forecast to keep its bond-purchase plan at 200 billion pounds ($323 billion) and leave benchmark rates at a record low 0.5 percent, according to economists in a Bloomberg News survey.
“The risk is to the upside at the moment for sterling because the Bank of England is clearly getting more hawkish,” said Thomas Harr, Singapore-based head of Asia foreign-exchange strategy at Standard Chartered Plc. “You will see support for sterling around that meeting.”

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik