The euro is one of the few who lost to the dollar, minus 0.1 percent, despite the fact that it has been steadily holding on for the last four trading sessions, despite the weaker economic data. In general, the single currency looks good. Since November 13, the euro rose by 2.7 percent against the pound, in this case, the uncertainty about the deal with the UK plays into his hands.
The main engine of growth remains exclusively antidollar flows and risk appetite, and there is every reason to expect continued growth this week, despite the weakness of the PPI report in Germany or PMI in the eurozone. The British pound, which fluctuated around $ 1.2832, is still undergoing a strong sell-off amid the turmoil caused by the failure of the project of British Prime Minister Theresa May.
It is expected that the currency will remain under this pressure until the market gets more clarity regarding the progress of the Brexit transaction. And hope for it in the near future is not necessary. Prime Minister May's draft agreement, which was publicized, was criticized, several ministers even resigned in protest. Since local lawmakers are unhappy with the draft agreement, it is unclear whether it will be able to get the support of parliament, which increases the risk that Britain will leave the EU without a deal.
