The Euro resumed growth

  • And
  • +A

Monday, September 10, bidding on the Euro resulted in the growth. The correction against Friday worked. The price recovered to the level of 1,1616. Could rise to, but was limited by the depreciation of the cross Euro/pound.
The British pound gained ground against major currencies on the message that the EU and UK have made progress in negotiations on Brazito. The representative of the EC Michel Barnier said that during the next 6-8 weeks will probably prepare a commercial contract, which will operate after the British exit from the EU.
Waiting for Monday was justified. Price follows the weekly forecast. The economic calendar on Tuesday is scarce, therefore, can now stand in a narrow range. Support is at the level of 1,1562.
At 11:30 GMT Britain will release data on changes in average earnings, ILO jobless rate, the number of people claiming unemployment benefits in August.
At 12:00 GMT in the Euro area and Germany will release the index of business sentiment ZEW economic sentiment for September.
At 15:15 GMT Canada will publish a report on the number of housing starts for August.
____________
Vladislav Antonov,
Analyst
Alpari