For other major currencies, the ECB set the reference exchange rates for one euro at 0.86133 The euro rate was not clear, but defended its gains from the previous day. The economic data released in the morning from the eurozone barely moved the market. The economy in the currency area, for example, grew slightly faster than expected in the third quarter. However, the annual inflation rate had fallen to 0.7 percent in October. Most recently, it was lower in November 20016. The ECB should therefore be confirmed in its loose monetary policy stance. The economic data published in the US also offered no big surprises.
Meanwhile, sterling has risen. The leader of the Brexit party, Nigel Farage, wants to withdraw his electoral candidates for the upcoming December parliamentary election, according to media reports. He wanted to increase the electoral chances of the conservative party of Prime Minister Boris Johnson. With a majority in parliament, Johnson could implement his exit agreement negotiated with the EU. The prospect of an end to uncertainty supported the pound, according to traders.
Among other major currencies, the ECB set the reference exchange rates for one euro at 0.86133 (0.86200) British pound, 120.73 (120.99) Japanese yen and 1.1007 (1.1032) Swiss francs. The ounce of gold (31.1 grams) was traded in the afternoon in London at $ 1509. That was a good $ 14 more than the day before.