With the recent spate of economic data from the US pointing towards a slowdown, the minutes of the Federal Reserve’s latest monetary policy meeting due today is likely to be watched closely to gauge the possibility of the Fed embracing fresh easing measures during the course of the year.
Europe faces a dilemma following reports that the German constitutional court might take three months to come to a conclusion on the European Stability Mechanism (ESM) ratification.
Back at home, manufacturing production and trade data released yesterday offered some hope that the British economy might show signs of improvement in the second quarter.
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