Fundamental review of the market on 17.02.2014

US dollar decreased compared to other major currencies on Monday and has hit 4-year minimum against British Pound because US economic indicators continue to signal that US economy recovery is still slowing down. According to US statistics published on Friday the volume of production in manufacturing industry decreased in January and that is another sign of slow start of the year. US published weak statistics after Great Britain announced positive signs of economy recovery. According to the last quarter-report Central Bank of Great Britain expect low rate of inflation and high economy growth. The forecast for GDP growth has been updated and now it is expected to be 3,4% against 2,8%.

Andrey Batenskiy​