At home, the minutes of the BoE’s latest monetary policy meeting recently released indicate that BoE policy makers were divided on their bond-purchase target.
With initial euphoria surrounding the Greek debt deal settling down, the market now seems to be concerned about the implementation of the agreed strict austerity measures in Greece. Data just out indicates that manufacturing PMI in Germany and the Eurozone missed market consensus and is likely to put pressure on the Euro in today’s trading. Across the Atlantic, market participants are eyeing existing home sales data which is expected to show an improvement.
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