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The euro and the pound will continue to decline

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The euro and the pound will continue to decline Empty The euro and the pound will continue to decline

Post  Admin on Mon Oct 16, 2017 1:31 am

The growth of industrial production in the eurozone increased in August by 1.4% compared to July, an annual growth rate of 3.8%, and the highest level growth rate over the past nine years. Strong data has been expected by the market. Currently the focus is on the ECB meeting on October 26, which may announce changes in the monetary policy. 

The ECB's leadership is trying to extinguish the bullish sentiments of investors. Mario Draghi said on Friday that inflation in the euro area remains too weak, despite the acceleration of economic growth. As Draghi said at a meeting in Washington, the inflation rate towards the ECB's target level of just under 2% "is not yet convincing enough," which means that "significant monetary accommodation" is still required. ECB Vice President Vitor Constancio said about the same - inflation expectations "never materialized" and the approach of inflation near the target level "has become quite a challenge."


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