Yesterday’s much awaited liquidity operation by the ECB was passed, but the market had alreadly factored this in. Much of the market attention shifted to Ben Bernanke’s testimony wherein he provided no indication of further easing in the US. This resulted in extreme moves amongst the major currency pairings.
Worries surrounding the UK economy seem to be easing following the recent run of mostly positive economic data. Data released earlier today indicated improving housing market scenario, while the manufacturing PMI just released also reveals an expansion, though at a slower pace.
Halo Financial are located at:
11 Ivory House, Plantation Wharf, , Greater London, SW11 3TN, United Kingdom
All Rights Reserved: Copyright 2006 - 2017 Compare Money Transfer Limited