The struggle between the Greek government and private bondholders to reach an accord on a debt-swap deal has prompted traders to remain risk averse. With a light European economic calendar today, market participants will continue to eye Greek talks wherein a decision is likely to be delivered on the weekend. Across the Atlantic, markets are focused on non-farm payrolls data due today to gauge the sustainability of the economic recovery.
In the UK, data just released indicates that services PMI unexpectedly improved for January. This comes on the back of the Lloyds business barometer, released earlier today, showed a significant improvement for January.
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