During the U.S. session on Forex euro was little changed against the dollar, while continuing to bargain about eight-month low. Affect the course of trading yesterday the U.S. inflation data. Recall that inflation in the U.S. in June coincided with the forecast, rising by 0.3 percent, but core inflation - excluding prices for food and energy - was 0.1 per cent, that is twice lower than forecast. Despite this, the market still expects the Fed will continue to reduce the bond purchase program and start raising interest rates in the second half of 2015. Experts note that the U.S. will raise interest rates next year, while in Europe, on the contrary, perhaps easing.
Slight pressure on the euro have concerns about Russia. It is expected that the EU will introduce new sanctions against the Russian Federation.
Pound fell sharply against the dollar, while setting a new minimum in July in connection with the publication of minutes of the meeting of the Bank of England and the data on mortgage lending. Minutes of the meeting of the Bank of England from July 9-10, showed: Committee members, as expected, voted unanimously to maintain interest rates unchanged at a record low 0.5%, and for the preservation of the current size of its asset purchase program £ 375 billion in addition, the Central Bank mentioned that refloat may reflect the performance of the British economy in comparison with other countries. Economy continues to grow modestly, but some indicators warn of a possible slowdown in the speed of the 2nd half. Meanwhile, the Central Bank suggested that a potential threat to economic recovery in the event of a rate hike now decreased, and a number of representatives MPC noted that over the past few months, the balance of factors in favor of tightening has become more balanced. However, the Central Bank did not mention the possible timing of the first rate hike, explaining that they will depend on the data.
As for the report, it showed: in the past month, the number of approved applications for mortgage loans increased slightly, recovering from a nine-month low, which was recorded in April and May. But despite the increase, the last value was slightly less than the average forecast of experts. According to the report, the number of mortgage approvals for house purchase rose in June to 43,265, compared with the revised figure for May at 41 881 (originally reported 41.8 million). Compared with the same period last year, the number of approved loans increased by 14 percent. In the British Bankers Association said: July growth was the first after the mortgage lenders have introduced more stringent lending criteria in April.