Negotiations between Greece and the Euro zone have been dominating the news headlines for last few weeks and with good reason. Yanis Varoufakis, the new Greek finance minister, has been trying to exit the current bailout programme provided to the previous Greek government by the ECB. The new Greek government, led by the far leftist Syriza party, came to power on the back of promises to end the austerity measures as required by the ECB bailout programme.Read more
With the release of the Bank of England’s Quarterly Inflation report the expectations of UK inflation over the next few years has been outlined.
The statement and the conference held after were more Hawkish on the whole.
The Pound caught a bid and within half an hour was up a point on the day, trading at 1.5340.Read more