01.07.2015 - We expect the fall of the British pound
Today Governor of the Bank of England Mark Carney has made the speech in which he noted that the Greek crisis may lead to a revision of attitude towards risk on the market. At the same time, economic growth in the UK remains strong and household debt is shrinking. The housing market in the country continues to grow. The main statement, which has led to the fall of the British pound, was the phrase about saving the current interest rates for some time. Given the expected strengthening of the US dollar and the decline of the euro, we keep a medium-term negative outlook and expect the fall in the near future.