Today, the U.S. dollar strengthened market position against the British currency: the latter slipped to 8-day low. This is probably due to the increasing concerns about the prospects for the euro area after the elections in France and Greece, which led investors to abandon risky assets.
In early European trading the GBP / USD touched 1.6115 marks - the lowest since April 25. Currently the pair is trading at 1.6139, losing 0.07%. As a support and resistance at 1.6080 medium term are considered (at least April 25) and 1.6201 (maximum 4 May).
Strengthen the fears of investors have contributed to the news from Greece. According to the results of exit polls, pre-term parliamentary elections leading center-right, whereas none of the parties supporting the austerity measures, failed to win enough votes to form a majority government. Investors have expressed concern that this could lead to a revision of the Government of Greece, the conditions for obtaining of the loan.
Meanwhile, the presidential election ended with the defeat of France, Nicolas Sarkozy, who ceded the victory of the candidate of the Socialist Party, Francois Hollande.
Meanwhile, the euro weakened position with respect to the pound: in the course of trading EUR / GBP pair dropped to the lowest level over the past 3.5 years - 0.8036. However, later she was able to restore the position. Now trades are conducted at the level of 0.8060
Today, the euro zone investor confidence indicator published by Sentix, which allows you to assess the state of financial markets over the past six months, and will be released the statistics on industrial orders in Germany. Britain's trading floors are closed for bank holidays.
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