Share the love.
- Spain’s fiscal adjustment programme a plus factor for the country
- Portugal’s gradual approach to fiscal consolidation to 2013 is a concern
- Short-term outlook for Greece probably OK, longer-term outlook more open to question
- Possible to have a sovereign default in the euro zone
EUR/USD sits at 1.3585, 1.3570/85 zone of sovereign buy interest so far just about holding, session low 1.3578.
Elsewhere cable up at 1.4970 aforementioned sovereign buying below 1.4950 having stemmed the bleeding for now.
