FX.co ★ All are dominated by Yellen

The growth of the euro yesterday is fully justified.

However, the pound has fallen significantly and has become pretty cheap.

Today, the pound has little chance of recovery, at least in the morning.

Despite this, the euro will be source of optimism with the growth rate of industrial production predicted to accelerate from 1.4% to 3.6%.

Another interesting event of the day will be the Bank of Canada's meeting on monetary policy.

The main event of the day will be the speech of Janet Yellen in the Congress.

If everything goes according to plan, the EUR / USD currency pair may rise to 1.1515.

The GBP / USD currency pair may initially decline to 1.2805.

The USD/CAD currency pair will grow to 1.2985 caused by the decision of the Bank of Canada. If the there is an understanding that the Fed will not raise rates in September, the pair will remain at the level of 1.2885.