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    Home » 2016 » May » 25 » Forex - Pound rises strongly after the results of the poll on British membership in the European Union
    0:04 AM
    Forex - Pound rises strongly after the results of the poll on British membership in the European Union

    The pound rose against the dollar and the euro during Tuesday's trading after a new poll shows that the campaign to vote for the survival of Britain in the European Union has excelled sick campaign that vote to leave in one month stay on the date of the referendum.

    GBP / USD has risen by 0.79% to hit 1.4599, rebounding from the lowest level of $ 1.4441 on Monday.

    It showed the latest poll published by the Telegraph newspaper on Tuesday that the vote campaign to stay has surpassed 13 points on a "campaign of departure.

    The total support for staying in the EU 55%, while the support to get out ratio of 42%.

    And on Monday, British Prime Minister David Cameron said that Britain out of the EU would be tantamount to self-destruction of the economy, where he will report to the ministry warns of a recession, warned in a sharp drop in the pound for the loss of half a million jobs.

    At the same time, data on Tuesday showed that the British government borrowed more than expected in April was amended budget deficit the previous fiscal year.

    According to Office for National Statistics said public sector net borrowing record 72 billion pounds in April, down 4.4% from the previous year.

    Economists had expected the deficit to record 6.6 billion pounds.

    He said the national statistics office said it was revising the budget deficit last year to reach 76 billion more than 2 billion pounds and from previous estimates.

    Sterling rose to sharply higher against the euro, with EUR / GBP shedding 1.02% to reach 0.7668.

    The euro extended its early losses after a report showed that German economic sentiment deteriorated unexpectedly in May amid ongoing concerns about the outlook for the global economy.

    The decline in the ZEW index of German economic sentiment to a 6.4 reading in April / May from 11.2.

    Economists had expected the index registered 12.0.

    Another report showed that Germany's economy grew by 0.7% in the first quarter, thanks to strong private consumption and increased investment in the construction field.

    And continued demand for the dollar supported by comments Fed officials, who pointed out that interest rates may rise in the coming months.

    The head of the Federal Reserve Bank of St. Louis James Bullard on Monday that more factors supporting the gradual increase in exchange rate fixed to keep them.

    Separately, Fed Chairman said in San Francisco John Williams, he still felt that the central bank may raise interest rates two to three times this year.

    The comments came after last week's meeting minutes for the month of April, which fueled expectations for a rate hike as soon as next month.

    The dollar index, which tracks the performance of the dollar against a basket of six major currencies, was up 0.17% to hit 95.39.

    Forex - Pound rises strongly after the results of the poll on British membership in the European Union

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