Euro / Pound is moving higher again today, but while the report was published yesterday by a negative sign for the bulls on the pound, the latter are not in a hurry to go to an active attack, and a pair of growth so far is more rehabilitative in nature. The single currency is currently holding around stg0.8550, where she cannon after an unsuccessful attempt to break above stg0.8570, and dealers noted that interest in the sale remains in the area of stg0.8575, while larger orders to sell are in stg0. 8600. Euro / pound is still clamped between stg0.86 and stg0.84, and the growth of a pair of upper boundary of the range specified naturally attracts new vendors, but UBS currency strategists advised investors to refrain from opening a short position in this pair. The bank noted that the recent news from the Misty Albion give a clear cause for alarm and the Bank of England may need to adopt new measures to stimulate the economy. UBS strategists believe that macroeconomic factors do not give grounds to say that there are remarkable capacity to reduce the euro / pound from current levels.
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