ðķEur/ð·Gbp analysis Eur/Gbp analysis
ðIn recent days, we have seen a massive purchase of the British pound following a speculative attack on this currency.
ðIt seems that the Euro has lost significantly compared to the British Pound. The price of the Eur/Gbp was pulled back to the levels before the massive breakout, which could be caused by the interference of the central
bank.
ðFrom Friday's information readings, for the first time in history, inflation for the euro area has become two digits and is as high as 10%. The main component of the infomation is the increase in energy prices in the Euro zone.
ðIt is also worth noting the increase in the unemployment rate in Germany, which already amounts to 5.5%
ðThe increase in market interest rates in Great Britain, forecasting that the interest rate in Great Britain could reach 6% next year, had an impact on investors and the British Pound became an interesting asset.
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