Mountain To Climb As Leaders Approach Summit

Is your high street bank ripping you off

The Euro has suffered against the majors this morning as markets remain wary ahead of the EU summit commencing this week aimed at arresting the European debt crisis. The optimism surrounding the announcement of easier collateral rules from the ECB on Friday has faded today. In the US, regional manufacturing activity and new home sales data due later today is likely to shed some light on the need of a QE3.

At home, with a light macro calendar today, traders minds are likely to be occupied with the quantum of additional asset purchases expected to be announced at the BoE’s monetary policy meeting due next week.

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Mountain To Climb As Leaders Approach Summit

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