In a predicted move, Mario Draghi has just announced the introduction of Quantitative Easing in the Eurozone. This is at a level of €60bn per month which is more than anticipated.
Draghi cited the inflation dynamics being weaker than expected in the Eurozone and the economic measures introduced between June and December not providing the results they desired.
Euro has initially weakened but it is extremely volatile. Please contact your personal account manager if you’re buying or selling Euro now or in the near future.
Posted in Daily Market News on Jan 22 2015
Good morning. The financial markets are certainly an interesting place at the moment. Last year seemed to be characterised by a lot of talking around subjects and a bit of a status quo regarding various issues, whereas 2015 has started with a bang and decision makers actually making decisions as...VIEW FULL ARTICLE
Posted in Daily Market News on Jan 22 2015 by Adrian Jacob