Markets were negatively surprised yesterday after the ECB indicated that its balance sheet climbed to a record high on lending to Eurozone banks. This overshadowed the successful Italian short-term bond auctions. With Italy’s 10-year bond yields hovering at elevated levels it will be interesting to see the outcome of Italian longer tenor bond sales today. At home, with only Nationwide house prices data on tap today, Sterling’s direction against the majors will undoubtedly be determined by prevailing risk sentiment following these Italian bond auctions.
World First are located at:
Regent House, 16-18 Lombard Road, , Greater London, SW11 3RB, United Kingdom
All Rights Reserved: Copyright 2006 - 2017 Compare Money Transfer Limited