Yesterday’s trading session ended with bearish pressure. GBPUSD spent the entire day in downtrend. Neutral statistics prevented a deeper decline. The level of volatility remained unchanged. The markets are influenced by negative sentiments over the eurozone once again. Big-scale investors are worried about Italy and Greece’s debts.
A higher Italian bond yield is the focus of attention. Antonis Samaras, the leader of the Greek parliamentary opposition, only added fuel to the fire. He said his party refused to vote for the offered budget spending cuts and other austerity measures. However, the Greek authorities will have to implement those measures if they want some external financial aid.
Today’s news background is fairly rich in significant statistics, including the BoE Inflation Report, the EU and USA’s CPIs and the US and Industrial Output.
At the moment the currency pair is moving in the 1.5911 - 1.5721 range.
Provided by the Department of Options,
