FXB Trading

In the Asian session, the pair was moderately growing and is now trading at 1.3040. In general, the currency continues to remain under pressure. Prime Minister Theresa May continues consultations on deal with Members of Parliament. Some hope of a compromise with the EU came after German Chancellor, Angela Merkel, noted that new British proposals on the Irish border should be heard.

During the day, the January the UK Services is expected to be published, which, following the Manufacturing and Construction PMI, may be weak (a decrease from 51.2 to 51.1 points is expected), which may put additional pressure on the pound.

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The pair rose at the Asian session and is now trading at 1.1410. The market remains optimistic after the temporary cessation of the in the United States.

During the day, European will be waiting for the speech of the President Mario in the European Parliament. Perhaps he will share his opinion on the state of the European economy. Last week after the regulator's meeting, Draghi noted that the risks to the growth of the European had become negative, which is associated with geopolitical factors and the threat of protectionism. However, the likelihood of a recession in the euro area is low.

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Quotes of the pair went down to 1.1355 against the background of low trading activity. Investors are waiting for the publication of data from the area on Economic Sentiment.

The indicator is expected to amount to –20.1 points in January against –21.0 points a month earlier. Despite the expected small increase in the indicator, pessimism in European business circles will continue to prevail, which could adversely affect the Euro.

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The is moving horizontally paired with the , falling against the and the currency, but is strengthening against the .

The instrument is supported by statistics from the USA published yesterday. The number of initial jobless claims dropped to 213K from 216K a week earlier, which is the lowest level in the last 5 weeks.

Philadelphia Fed was better than expected reaching 17.0 points in January against 9.1 points a month earlier.

Today, investors are waiting for the publication of data on in the US. It is expected that the indicator will fall to 0.2% in December from 0.6% a month earlier. If this assumption is right, it will put pressure on the US dollar in the short run.

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The pair is rising actively and has reached the 108.74 level during the . Due to the absence of significant releases in Japan, the movement of the instrument is mostly technical.

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