FXstreet.com (Barcelona) - Monday investorÂ´s negative sentiments sank deeper, after a World Bank report that stated that global growth will contract during this year, for the first time since World War II. Stocks tumbled from Asia to America that ended at a fresh 12-year low, under 6550 points. Dollar benefits again from the fly so safety, hitting a 4 years high against Canadian dollar, and a 7 weeks against Gbp.
Gbp fell more than 2% against the dollar to 1.3741 after the U.K. government took a big stake in Lloyds Banking Group. The currency remains weak across the board and a break under that minimum will probably send the pair back to the 30 years low around 1.3503. Euro managed to stay just above the 1.2600 level, with negative sentiment don't letting it rise above the 1.2660 tough zone. Meanwhile Euro/Gbp rose close to 0.9200 before starting a bit retracement. Thus, the pair remains bullish after breaking to the upside, a daily symmetrical triangle.