EU Summit Takes Center Stage

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With UK retail sales and consumer confidence out of the way, market participants are looking forward to the outcome of the European Union (EU) summit. The slightly better than expected UK retail sales and consumer figures yesterday did little to boost investor confidence and Sterling is expected to be volatile against the Euro today, ahead of the EU summit over the weekend.

Reports suggest that European leaders are planning to hold an additional summit, no later than 26 October 2011, wherein officials plan to announce an “ambitious” package to address the persistent sovereign debt concerns in the region

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EU Summit Takes Center Stage

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