Mizuho: reduction in shares gives rise to record profits

The British pound fell against the dollar and euro against the backdrop of decline in equity markets and the statements of Governor of the Bank of England that the restoration of the British economy will slow. As Mervyn King, the way the UK from the economic crisis will be long and exhausting. Following a statement by Mervyn King, the British currency has been steadily declining. Currency Great Britain also fell against the Swiss franc and Australian dollar, because the British FTSE 100 index fell 1.1%. According to analysts Mizuho, market participants have accumulated a large number of long positions on the pound and the decline in the shares provides a good reason for the fixation of profit. Now a pair of pound / dollar was at around 1.6290, euro / pound traded at 0.8560.