The euro weakened against the yen ahead of Interest Rate Determination.
European Central Bank (ECB) today (03-02) is scheduled to announce the decision of the agency in setting interest rates higher.
Interest rates or the Minimum Bid Rate drop likely to be still detained at the level of 1.00% of the value in the previous period is 1.00%. Meanwhile, the foreign exchange trading, the pair EUR / JPY was observed to be in the range 112.62.
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Sterling Stronger Against Yen, The impact of Performance Improvement in Service Sector.
In trading GBP / JPY European session this afternoon (03-02) was observed to strengthen against the Pound Sterling and Japanese Yen in the range of 132.72. £ forex investors increasingly in demand as a signal that indicates improved economic performance in the UK.
The latest information on Services PMI indicator has just been released by the Markit showed an increase in performance in the service sector of the country.
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