Euro under pressure against majors- Markets expect ECB to cut rates
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Sterling took full advantage as the Euro came under fire yesterday. The pound cleanly broke back above the 1.08 level. The Euro is suffering on the back of speculation of a potential interest rate cut due tomorrow from the ECB.
The G20 meeting starts today in London, continuing into Thursday so currency markets are expected to remain volatile with remarks by world leaders expected to have an impact on the majors.
Wednesday 01 April 2009, 10:56am
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