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    Forex News from New Forex: The pound keeps rising against the dollar and the euro

    In the trading on Tuesday, June 21, the euro reached a 3-month low against the pound sterling, most market participants consider that the UK will hold its membership in the EU. The currency instrument euro/pound shed 0.09% to 0.7688. Positive data from Germany failed to boost the euro. The economic sentiment in Germany ascended from 6,4 in May to 19,2 in June instead of 5,0.

    The pair euro/dollar added 0.27% to 1.134. The instrument pound/dollar surged 0.33% to 1.4743. At the moment the dollar index lost 0.18% to 93.51.

    The global market is highly sensitive to opinion polls from the UK. Fresh data shows that 53% of citizens are ready to support the EU membership, 46% stand for leaving the Eurozone.

    European stocks trade with a slight increase. The German DAX picked up 0.44%, the French CAC 40 climbed 0.65%, only the UK’s index FTSE currently loses 0.04%. The pan-European index STOXX 600 advanced 0.54%.

    NewForex Analyst

    Michael Butnitsky


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