Euro Sellers Getting Nervous- Will Draghi Be Able To Wave His Magic Wand Again?...
Whilst sterling has taken a slight wobble this week due to the national deficit once again rising (it was supposed to come down according to the Coalition wasn't it?!) giving credit rating agencies pause for thought, the Euro is likely to have a very testing week again next week. Whilst we do have the Bank of England decision next week nothing is expected to change there, and some UK releases like Services PMI are forecast to be positive.
However market attention on the Euro is...
The changing view of the euro – euro strength coming? (Steve Eakins)
Over the last few weeks we have seen the euro get continually stronger against most currencies. It has now reached a near 9 month high compared to sterling and many are asking whether this will continue?
There is a lot of media attention on what is going wrong in the UK but not much about what is going right in Europe. For example this afternoon we have seen GDP figures for the UK fall again for the 3 months including December. A tripple Dipp in...