The weekend meeting of G-20 finance ministers ended with discussions surrounding the potential expansion of IMF resources, with non-euro area members demanding more effort from Europe before providing any help. All eyes are now on the ECB’s second 3-year LTRO later this week which is expected to ease funding pressures in the region. With a light economic calendar today, markets are awaiting the outcome of bond auctions across the Eurozone and German lawmakers vote on the second bailout package for Greece later today.
At home, data released earlier today indicated that average house prices in the UK remained flat for February
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