Growth of Euro And Pound Goes On

Forex News

The British pound and the euro continue to strengthen against the US dollar. The euro faced a new 13-month highs against the dollar today. The British currency has overcome the level of $1.30. According to analysts, the euro and pound will grow in the coming weeks.

This growth of the European major currencies was triggered by commentaries by Mario Draghi and Mark Carney, who do not quite agree that monetary policy should be tightened in the near future. But still, interest rates increase remains probable.

The attention of the markets will be focused on the release of economic data from the United States today. Data on the US final GDP for the first quarter and jobless claims will be published today.