Coalition financial policy paper details now out on Reuters 5 Feb

  • next govt wants to develop a comprehensive strategy for dealing with blockchain
  • Conservatives and SPD want to develop a fair legal framework for trading with cryptocurrencies in co-operation with European and intl partners
  • will seek to set up criteria with other EU partners to check relevance of hedge funds and shadow banks for stability of financial sector.
  • want to strengthen Germany's fin sector after Brexit by making it easier for banks to hire ands fire top managers

More attention being paid to the wonderfully unknown cryptocurrency world.

Earlier I posted that the coalition talks had made progress and reached agreement on Europe.

Meanwhile EURUSD down to session lows of 1.2420 as USD demand prevails, knocking GBPUSD back down to 1.4028 with EURGBP also lower at 0.8852 and EURJPY on session lows at 136.44

Merkel and Schulz now moving in the same direction ?