18, February 2013

GBP/USD (a 4-hour chart)

GBP/USD (a 4-hour chart)

The fall of the euro lead to a fall of the pound, and this decrease will continue until something changes with euro. The British pound is obviously so tired of this fall, that despite the failed picture of eurozone GDP, its decline was only 48 points. As a result, it became clear that the world economy lessens in IV quarter and there is no chance for its growth in the foreseeable future.

As Mervyn King say, the bank manager of England Governor, whose term expires in July: “He is ready to soften the bank monetary policy in order to help and encourage the UK economy.