On Wednesday (November 16), the decline continued this week. The Asian market once fell to 1.5755 intraday, the lowest level in three weeks, and is currently trading around 1.5760.

Analysts said that investor sentiment is still pessimistic. The market is waiting for the three-month unemployment rate from September to September at 17:30 and the Bank of England’s quarterly inflation Report at 18:30.

The Bank of England may cut its 2011 growth rate to 1%, initially expected to be 2%. Analysts said that the deterioration of the European debt crisis and the negative economic performance may seriously drag the central bank’s expectations of the economy and inflation expectations may also be significantly revised.

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