The pound and the euro were able to remain steady yesterday, despite home sales in the US secondary market showing an increase of 2.0%. However, few people are looking at the data, and even the pound ignored data on government borrowings, which grew by 7.5 billion pounds, which was more than expected. This stability is due to market expectations. On the other hand, it's still not clear what will be the endgame in Germany, where everyone is waiting for announcements of early elections. In fact, there is no other choice for Angela Merkel, as the negotiations on the formation of the ruling coalition failed, and even if the CDU / CSU independently forms it, then, having only a third of the votes in the Bundestag, it will be incompetent. On the other hand, the market is waiting for today ' s publication of the Federal Open Market Committee. In the text of the minutes, it showed that the Fed is raising the refinancing rate. In general, all factors continue to point to the strengthening of the dollar.
The euro/dollar will fall to the level of 1.1715.
The pound / dollar pair may fall to 1.3200.
