Yesterday’s BoE minutes, which have weighed heavily on the pound, indicated a split in voting on the size of additional asset purchases, fuelling market speculation that the central bank may resort to further easing measures in the future. To compound the sterling/euro position, data just released indicates a better-than-expected improvement in the keenly awaited German IFO business climate index for February.
Weak PMI data in the Eurozone, coupled with a Fitch downgrade of Greece, did not have any impact on the Euro yesterday. Markets are now eyeing a heavy economic calendar in the US today for further direction.
World First are located at:
Regent House, 16-18 Lombard Road, , Greater London, SW11 3RB, United Kingdom
All Rights Reserved: Copyright 2006 - 2017 Compare Money Transfer Limited