Maybe that’s because as recently as last summer summer supposedly forward looking central bankers were still hiking rates, no?
Trichet warns the UK to respect EU budget rules when considering fiscal stimulus. Under EU rules, countries cannot have deficits larger than 3% of GDP.
EUR/JPY is under pressure with stocks, trading at 121.50, testing the trend support drawn from the recent lows at 117.60. which comes in at 121.40 at the moment. Support is eyed at 121.00 and 120.15.
