FX.co ★ Business sentiment is deteriorating not only in the UK

EUR / USD, GBP / USD

On Wednesday, the European ZEW Economic Sentiment Index in business circles showed a sharp decline.

Hence, the German ZEW Economic Sentiment index for August fell from 17.5 to 10.0, with an expectation at 14.8.

An optimistic political event was the announcement of some agreements in the budget for the next year.

Today, the US and the euro zone, the balance and business activity indices for the month.

At 8:00 PM in London time, Mario Draghi speaks at the opening of the economic sciences meeting in Germany.

We expect the euro at 1.1640 and pound sterling in the range of 1.2735 / 55.

USD / JPY

As the yen falls to the lows of April at 108.05 / 25, the American stock market was saved.

We still hope that the YoY to 0.5% YoY.

At the current stage, the task of the yen is to consolidate in the range of 110.00-111.00. The completion of this task is accepted by US as the main scenario.