European currencies is running high

European currencies is running high

Foreign exchange market, the Bank of England to keep rates unchanged and asset purchase of the scale formed on the pound to support the pound against the dollar after hitting 1.6235 on Thursday the European market of nearly 10-month high.

Analysts pointed out that the GBPUSD easily break resistance at 1.6108, targeting 1.6257 short term. Thursday 21:00 GMT, the pound against the U.S. dollar reported 1.6270.

Similarly, because the European Central Bank kept the benchmark interest rate unchanged on Thursday at 21:00 GMT, the euro against the U.S. dollar reported a high of 1.4262.

"On the one hand, the Fed expanded monetary stimulus, while the European Central Bank and Bank of England will remain committed to removing the stimulus of crisis." Currency analyst at a bank on the "Daily Economic News", told reporters that the short term the euro and sterling will continue to remain strong.

"Sterling has been the recent rally against the U.S. dollar remains intact, a successful firm 1.60 dollar mark, is expected to short-term or will continue to maintain a strong pound."

However, some analysts believe the euro will only mild back. "With the U.S. implementation of the second QE, the euro has also been indirectly pushed the euro European Central Bank must consider the issue."

Analysts said the spread between the euro area and the United States will continue to promote the euro in coming months, but stronger euro could have a negative impact on the euro zone economy.

"May lead to a substantial reversal of the euro against the dollar the only factor, that is, the spread between Europe and America once again close, but this is unlikely in the short term."

In fact, the Bank of England and European Central Bank interest rate decision announcement on the eve of the major international currency markets has been volatility higher non-US currencies.

Thursday 16:17 GMT, the pound breaking $ 1.6163 against the dollar, hitting a new high of 9 months; GMT 16:32 on Thursday, the euro against the dollar since mid-January this year, the first time exceeded $ 1.42.