FX & CFD trading involves significant risk
The British pound rose significantly against the dollar, recovering almost all the previously lost positions today, which was due to the widespread weakening of the US currency and profit-taking after a sharp decline due to the results of a survey on the subject of the referendum.
Residents of the UK at the moment tend to need the country's exit from the European Union, according to the survey, which published today in the European media. Thus, 45% of respondents in favor of the UK out of the EU, while 41% opposed this step. Other respondents have not yet decided on the choice. The survey, conducted by the YouGov Institute, was attended by about 3.5 thousand. Man. At the same time, according to TNS online survey, 43% of respondents would vote for the exit from the EU, while 41% would vote for it to stay. 11% of respondents were undecided. 1213 people were interviewed. The referendum on Britain's membership of the EU was appointed on June 23.
Later this week, the focus will be on industrial production statistics and foreign trade, which is likely to point to the weakness of the British economy. Manufacturing probably felt the most strongly negative impact from the global challenges for the manufacturing sector and uncertainty about the outcome of the referendum on EU membership. Meanwhile, the trade deficit is likely to increase slightly. The reason for this is the weak support from external demand, the deterioration of the situation in the manufacturing sector and a referendum on Britain's membership of the EU.
The US dollar was down against the euro, approaching to the lowest level since May 12th. The main pressure on the currency had a statement of Fed Yellen. She noted that the outlook for the US economy is very uncertain. "Published on Friday employment data were disappointing, causing fear, but it is important not to attach special importance to only one employment report The overall situation in the labor market is quite positive should closely monitor for signs of a slowdown in the number of jobs..", - Added the head of the Fed . Moreover, Yellen said that the course of monetary policy is not determined, given the uncertainty about the future. "If the situation in the labor market improves, inflation close to the target level, it would be appropriate to raise rates gradually. If inflation remains low, the Fed can only take limited measures to stimulate in the background of almost zero interest rates. Now the soft monetary policy remains appropriate" - he explained Yellen.
|remaining time till the new event being published|