The ECB’s Juergen Stark is on the tape saying that he sees no sign of delation. He adds that employment is a lagging indicator, but somewhat harshly says that labour policy is not the ECB’s responsibility.
Eur/Usd has eased off its Eur/Gbp inspired highs at 1.4335, which is proving to be a very difficult level to scale. Me thinks that we’re going to need some positive data surprises to vault that level.
