The Pound stays overvalued against the Euro

Source: Bloomberg
The British Pound substantially appreciated against the Euro in 2012. This led to a decrease in profits of British manufacturers. The UK lost its competitiveness and become unattractive for the buyers from Germany and France. The current trading rate stays at GBP 0.7860 per EUR, though last week the Pound gained 0.9% against the Euro. Moreover, OECD (Organization for Economic Cooperation and Development) accounted the British currency is 4.8% overvalued against the European counterpart.
Back to articles

Actual Topics

Mon, 16 Jul 2012 07:17:25 GMT

Oil prices drop this week in the USA

Oil prices fell again after a slight recovery last week. Futures declined by 0.6% in New York on Monday morning, July 16. August-delivery oil dropped by USD 0.51 to USD 86.58 a barrel. Oil refining slid by 3.4% from May in the US. This led to a record low topping level of 8.79 million barrels a day. Gasoline prices declined by 6.77% to USD

Mon, 16 Jul 2012 07:47:09 GMT

Stocks in China lose value as the concern for earnings rises

China's stocks weakened, as there have been issues regarding the earnings in the overall market, as announced by Cen Liqiu, strategist at Jianghai Securities Co. The Shanghai Composite Index and the CSI 300 Index lost 1.3% and 1.5%  respectively.  The ZTE Corp, China's second largest telecommunication equipment producer, lost 10% after the net profit has decreased by 80% in comparison with

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.