UK Annual Budget

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At home, minutes of the Monetary Policy Committee’s March meeting just released indicate that two of the members wanted to raise the target for bond purchases by £25 billion. In the backdrop of the recent warning from Fitch that the UK could lose its “AAA” credit rating, traders are eyeing the nation’s budget due later today.

Turning to the Eurozone, the Greek Parliament has approved the second bailout package from the Troika which has supported gains in the Euro. Across the Atlantic, the busy week for housing data continues, with existing home sales data on radar today.

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UK Annual Budget

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