Euro falls against the dollar after ECB hints a further cut rates

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.