The Euro slid against the Dollar after the European Central Bank hinted it is prepared to cut interest rates again if required. ECB President, Mario Draghi reiterated yesterday that the ECB could cut its deposit rate to below zero.
Meanwhile, Sterling was little changed against the Dollar and Euro as an industry report showed employment confidence increased to a six-month high in April. The Bank of England’s Monetary Policy Committee will commence a two-day meeting tomorrow. In March an index of employment confidence rose to its highest reading since October, according to official data.
Posted in Daily Market News on May 30 2014
Britain's main services sector reported its strongest growth since last April, indicating a positive economic growth. The UK services Purchasing Managers' Index increased to 52.9 in April, its highest index since August and the fourth consecutive monthly rise.VIEW FULL ARTICLE
Posted in Daily Market News on May 3 2013 by alex