The euro has made progress against the British pound and euro sterling exchange rate reached a two-year low against the dollar as demand for riskier assets and improves as the data published in France, Greece, Spain everything was better than expected.
euro sterling exchange rate types.
The book stopped trading day due to lack of economic data and that markets remain quiet because of the end of the festive season of the year. The U.S. dollar fell to speculation mounted that the Federal Reserve is unlikely to raise interest rates in the euro sterling exchange rate short term despite the central bank announces its monetary easing program narrows at the beginning of the new year.
The euro rose after the French statistics agency Unsee said yesterday freedom in the data producer price index for France, which stood at 0.5% in November, compared to the drop 0.2% in October euro sterling exchange rate. An increase in electricity prices in the country was thought to be the main contributor to the increase PPI. Unsee said on a base price of annual in France were 0.6% less compared to the previous year.
euro sterling exchange rate Greece has also seen a PPI figure improved. The country recorded struggling net -0.7% in November. The figure was better than the figure of 1.6% in October and suggests that there is little hope of a turnaround in the country.
Spain meanwhile also released better than expected data. According to the Bank of Spain country's current account improved in October to € 1.7 billion compared to € 0.4 billion figure for euro sterling exchange rate the previous month. The figure was better than € 1.1 billion expected by economists.
The next week, a number of reports of retail sales in the euro zone, which could provide support for the currency is released euro sterling exchange rate.
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