Pound climbs against the Euro ahead of European Central Bank meeting
The pound has continued to cede ground to other currencies, however, finishing the day at £1.3034 against the dollar, a slight dip despite the ongoing political inertia in the US.
IG market analyst Joshua Mahony commented on what is likely to move markets tomorrow:
"Today’s sell-off in the euro is no doubt an element of hesitancy in anticipation of what may come to fruition tomorrow.
"For all the likeliness that we will see the ECB hold off for another two months until laying out plans for a taper, the possibility of action tomorrow remains a key risk for markets."
source: telegraph.co.uk
