There were a couple of interesting developments at the end of last week which probably affected fundamental outlooks for the British Pound and the Euro. On Thursday, the European Central Bank announced a reduction of its QE plan, to take effect from next March. The monthly purchase will be cut from €80 billion to €60 billion per month.
The most interesting news within this weekend’s cycle has been
The Forex market has remained quiet all week with little going on. The major event in the calendar this week took place a few minutes before the time of writing, with the European Central Bank’s monthly announcements. As expected, they left interest rates unchanged and will leave the QE (quantitative easing) program in place until December 2017.
Two seemingly unrelated news items caught my eye this week. I see them as linked by a disturbing thread which makes me uneasy, as a citizen of democracies.
The market is quiet so far today, although U.S. equity indices such as the
Following on from yesterday’s eyes on Italy and Austria, we now have the results of the votes.
A generation ago, in Europe, when a political party was called “far-right”, it was a small, fringe association of skinhead types who tended to be violent and openly express admiration for Hitler. They received very few votes at elections, with the exception of the Front National in France.
A very tricky area that tends to bother traders – well, it is all in the headline!