GBP it will continue to lose ground against USD

EUR / GBP Traders await the outcome of the Eurogroup meeting in Greece. Pair is trading at 0.7102. EUR reacts less to the latest deadlock in Greek negotiations, EUR / GBP is a strict round and almost unchanged. Investors also need to comply with to be expected fiscal tightening. Finance Minister George Osborne is committed to announce new plans to tackle the budget deficit on July 8, including spending cuts after his Conservative Party won the parliamentary elections in May. Analysts at Morgan Stanley, said. that fiscal tightening could reach just over 1.5% of gross domestic product over the next few years and see slower growth in 2016 to 1.9% - below a forecast of 2,6% BoA. Many speculators are still are of the opinion that sterling in for a long period will be profits.

GBP / USD The pound traded at 1.5732-1,5755 during the Asian session. The couple already has fallen 200 pips since the beginning of the week and there is still potential for the dollar to continue its strong movement. No economic data for the United Kingdom for the remainder of the week. When the USD sentiment is weak it is generally positive for the bulls GBPUSD. It is also to be noted that the upcoming discussions UK Prime Minister David Cameron in Brussels. The EU could further affect investor sentiment towards the pound.