The Great Britain pound dropped today after Timothy Besley, the former policy maker of the Bank of England, said that the economy of the U.K. remains in the fragile state and because of the increasing doubts that the new government will be able to reduce the budget shortage.

The euro toppled against the U.S. dollar and Japanese yen on speculation that Greece will be unable to repay its debt as the decision about the bailout was delayed, giving rise to the concern that the Greece’s budget crisis will harm the borrowing ability of European indebted nations.

The Japanese yen gained today against most other majors as the demand for the safer currencies increased amid rising concerns that the aid, offered by the European Union government, wouldn’t be able to resolve the Greece’s budget deficit crisis.

The Great Britain pound dropped today amid the concern that the forthcoming Parliamentary election, which will occur next week, will result in the government without the substantial support and strength to deal with the budget deficit.

The Canadian dollar trades near parity with its U.S. counterpart as the traders await the outcome of the 45 billion euro aid package, provided by the European Union and the International Monetary Fund to Greece.

The U.S. dollar rose today on the outlook that the greenback may become more attractive as the profits from the carry trades declines because of decreasing differences in the interest rates of various central banks.

The Mexican peso advanced today on the outlook that the demand for the higher-yielding assets will increase after the talks about the aid package for Greece will be concluded.

The Great Britain pound gained today, paring its previous losses, after the report about the rising house prices increased the confidence that the economic recovery in the U.K. is strengthening.

The Canadian dollar rose against its U.S. counterpart by the end of this week, erasing the previous losses, after Jim Flaherty, the Canada’s Minister of Finance, said about the possible $8 billion capital inflow into Canada after it was designated by China as the country where the China’s financial institutions can make the investments.

The Great Britain pound declined versus the euro after the report that the U.K. economy’s growth was lower by half compared to the pace of the expansion forecasted by the experts in the first three months of this year.