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It was reported yesterday that the price of the pound Sterling went up. How ever the euro faced some difficulties when it was recorded at a low price. It was also reported that the yen fell against the dollar. The economy of England reported inflation which indicated that the central bank would raise the interest rates. The Japanese economy showed an annualized rate of 6.8 percent during the second quarter of the year.

The dollar decreased especially against the rival. The Euro also decreased in the value in international market against rival by .04%. To combat the international economic issues, the central bank of Iraq is launching new monetary policy to control and stabilize the economy of Iraq.

The stock market of Europe fell and caused the traders to feel the tension of it. With the fall in the stock market the traders felt that the violence in Iraq would increase. During the last month the traders had used the profits to pay for the different things and further gain profits from them.

It was reported that the European stocks fell on Friday because of the increase in the geopolitical tensions that made President Barack Obama increase the air strikes in Iraq. The first index fell by 300 points at 0708 GMT, the FTS Euro first was a major European company share that lead to 0.9 percent loss and 1302.48 points. This loss has added to the total loss of seven percent that has taken place since the past 8 weeks almost.