Greece has called for fresh elections after the nation’s political parties failed to form a coalition government. The prolonged deadlock has sparked uncertainty over Greece’s pledged austerity measures and increased chatter about the nation’s future in the Eurozone. Meanwhile, better-than-expected growth in Germany avoided the Eurozone slipping into a recession.
In the UK, markets keenly await the BoE Quarterly Inflation Report and the subsequent press conference later today. BOE is expected to lower its growth forecast for the UK economy and to throw light on its decision to leave the asset purchase facility unchanged.
Across the Atlantic, attention will be focused on the FOMC minutes due later in the day.
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