Rumour of Franco-German deal

Dollar and Euro Currency

Market participants have been positively surprised by reports indicating that France and Germany have reached an agreement to enhance the Eurozone's bailout fund to €2 trillion, in a bid to tackle the sovereign debt crisis in the region. Yesterday’s major UK news was that inflation rose to 5.2%, well ahead of the expected rise to 4.9%. With talk of more QE on the cards, if you are looking to sell Sterling in the short term, it is advisable to contact your dealer.

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Rumour of Franco-German deal

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