Forex news, pound rate. The Daily Telegraph has announced that four largest banks in Great Britain keep the EU in debt, in particular, 42 bln. pounds sterling (about 67 bln. dollars or 50 bln. Euro) of Italy:
Barclays – Italian bonds of £25.7 bln. (over 30 bln. Euro);
Royal Bank of Scotland – Italian liabilities of £9.7 bln.;
HSBC – £4.3 bln.;
Lloyds Banking Group – Italian assets of 2.7 bln. pounds.
What pound rate shall investors in the EU expect? According to the DFWA Department of , dollar is expected to get stronger in relation to English pound at the beginning of the trading week, with support provided by point 1.5870.
Upswing will start then. The first sub-wave of this movement will be observed during the second half of the week.
