{"id":92763,"date":"2016-07-12T07:45:08","date_gmt":"2016-07-12T11:45:08","guid":{"rendered":"http:\/\/countingpips.com\/?p=92763"},"modified":"2016-07-12T07:45:08","modified_gmt":"2016-07-12T11:45:08","slug":"euro-follows-pound-in-strengthening-against-dollar","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/07\/euro-follows-pound-in-strengthening-against-dollar\/","title":{"rendered":"Euro follows pound in strengthening against dollar"},"content":{"rendered":"
July 12, 2016<\/div>
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By Vladislav Antonov, Alpari<\/b><\/p>\n

Previous:<\/em><\/strong><\/p>\n

The euro on Monday closed up against the American dollar. Traders which opened short positions on the euro after the Brexit are starting to close them since they are tired of waiting for the currency to weaken. The GBP also began strengthening actively against the USD when it became clear that Theresa May is to take over David Cameron”s post of prime minister on 13th<\/sup> July.<\/p>\n

Market Expectations:<\/em><\/strong><\/p>\n

On Tuesday the dollar continued its fall. Today”s news is more important for GBP than EUR. At 11:30 EET, the BoE is publishing its minutes and its inflation report at 14:00 EET. The Bank”s governor (Carney) is to speak before parliament. This news will affect the euro via the euro\/pound cross. A strengthening of the pound against the dollar will be positive for the euro\/dollar, despite the fall in the euro\/pound cross. Asia is an example of this.<\/p>\n

Day”s News (EET):<\/em><\/strong><\/p>

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