After the release on Wednesday of macroeconomic data in the United Kingdom, the British pound began to strengthen. Support for it was given by talks on Brexit conditions. The Bank of England is also about to publish its decision on interest rates. It is expected that the interest rate will remain unchanged at 0.5%.
Nevertheless, data released yesterday and the publication of the decision on interest rates in the US, on the contrary, weakened the reserve currency, despite the fact that the data were better than projected, and the rate was increased. Investors still decided to arrange the sale of the dollar.
One of the key factors contributing to the sale was the rhetoric of Fed Chairman Jerome Powell, from which it became clear that this year the interest rates will be raised three times, instead of the expected four.
China is ready to provide the access of foreign investors to its market payments in the amount of 27 trillion dollars, with the provision of infrastructure investors in the country and the storage of information about customers in the country.
Energy prices increased significantly against the backdrop of a weakening greenback and multidirectional figures on stocks of crude oil and gasoline. Thus, the price of Brent crude is close to the mark of $70 per barrel. At the moment, the quotation is in the range of 69-70 dollars per barrel.
