Forex News – 23rd November 2011

EUR

The crisis is spreading from Greece into Euro zone countries such as Germany, Sweden, France
and Belgium.

It’s been reported (although denied by French officials) that Belgium may not be able to raise
its share for Dexia. The agreement was that Belgium will raise 60.5% of the funds.

It is up to France now whether to increase its share while bearing in mind their AAA rating
may be at risk on such a move.

EURUSD was not affected yet on these news but do note it may have a negative impact on the
currency on any future developments.

GBP

The Great British Pound following EURUSD trend, taking a beating from world’s financial events.

The UK’s reeal money printers, De La Rue, stated they are ready to print any new money if
instructed within the next 6 months, suggesting everyone is preapring for the worst.

Key event is the MPC Minutes at 09:30am GMT. The market is thirsty to know whether any MPC
members had considered a rate cut, possibly 25bps.

The publication cannot be distributed, copied and/or make any other usage without Bloombex Ltd.
Consent and written approval.
Although the data has been collected from reliable sources Bloombex does not vouch its accuracy
or precision. The quotes mentioned are for indication only, the implied conditions will only be the concluded
conditions when executing the trade.
The review is presented for instructive purposes in condition it will not be the key factor for trading.
The contents of this publication should not be construed as an express or implied promise, guarantee
Or implication by Bloombex.

Share This Post

Related Articles

© 2017 Global Forex Update.com. All rights reserved. Site Admin · Entries RSS · Comments RSS
Powered by WordPress · Designed by Theme Junkie