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Monday, November 27, 2006

The GBP and EUR is getting expensive in comparation with USD

The economy of Great Britan rise with 0.7% on quarter 3 in comparation with quarter 2, and the rate of economy rise with 2.7%, under 2.8% who was the estimate of analist.

The rising of 0.7% was taken in consideration by Bank of Englend when was taken the decision to rise the rate of interest at 5%. Spend was rise with 0.4%, on the 3 quarter. After this news, the GBP appreciate toward USD on 1.9340 dollars and EUR elapse the 1.3 dollars for the first time from April 2005. EUR it�s still continue the appreciate toward the USD as a matter of fact the European Central Bank will expensive the interest in 2007.

EUR was rise in this year with 10.3% toward the USD once with the rise of economy registered in EUR zone.

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