Barclays remains in the spotlight today, but for a change, it’s a good thing. The Bank said they will not need government funding and reported better-than-expected earnings. ING is rising as well after accepting government money and changed top management.
Cable trades near session highs, now at 1.3875, after an earlier dip to 1.3550. EUR/USD inched through 1.3000 before easing to the present 1.2975 level.
The most important piece of data today is the US existing home sales figures for December. Sales of 4.4 mln units on an annual rate are expected.
