Tatsiana Ketrar
Forex news, pound rate. On Tuesday European Statistical Office Eurostat published information about inflation in Eurozone and entire European Union during last December. Judging from the provided data, inflation has dropped to 2.8 percent. Last November inflation within Eurozone was 3 percent, and in October it amounted to 3.4 percent.
"Eurozone consumer prices are supposed to rise by about 2.8 percent, which shows that the growth is getting slower, while in November Eurozone consumer prices rose by three percent. The decline is slow, unlike global market prices for raw materials", stated Yevgeniy Olkhovskyi, leading expert of Masterforex-V Academy.
Another factor, according to him, is the fact that some companies that bear anti-inflation nature seem to reduce their extra charges. As soon as this measure is taken, consumption will rise, mostly for households.
Dollar and pound indexes: both are falling, SHORT-term trend will follow the direction of the one that changes.
Pound index
- ТО 2.5724 – potential 4th/c(С) n4
- 5th / down А n4
- internal А n1 2.5724-2.5652, а(С) 2.5690-30
2.5617 = 123% а(С)
2.5608 = 162% + 138% а(С) + pivot
2.5598 = FZR
Tatsiana Ketrar
