Posts Tagged ‘Fluctuate’
EUR/GBP Channel Holds As Yield Expectations Fluctuate
Author: Germina Lake
The Euro pushed higher against the Pound on the day as the outlook for an ECB rate hike improved on the back of better than expected fundamental data and strong demand for Spanish and Irish sovereign debt. Successful bond auctions from two of the most beleaguered countries helped ease concerns that the debt crisis could re-emerge amplifying the positive sentiment and export data that crossed the wires.
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