A series of disconcerting events across Europe have significantly affected trading sentiment in Sterling and the Euro today. The Greek Prime Minister’s warning of his nation’s potential “disorderly default” in March, poses many potential issues for the entire global economy. After yesterday’s subdued German bond sales, market participants are keenly eyeing French bond auctions scheduled for later today. In the UK, data just released indicates an improvement in the services PMI. This follows upbeat manufacturing and construction activity figures released earlier in the week.
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