Greeks Trying Again to Seal an Austerity Deal
Euro Heads Higher in Forex Trading
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Choppy trading on the currency market
Euro is heading higher in forex trading right now, recapturing some of the gains it lost earlier. It's been a choppy day for the currency market. Earlier, the euro saw gains as optimism over Greece took hold. Then, those gains were pared as the optimism faded. Now, though, there is enough hope again to help the euro.
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Where is the Pound Going Now
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The pound lost about 0.50 percent of its value in comparison to the dollar on Wednesday, February 8. This comes after a few days of steadily rising prices. Midway through Monday the 6th, the GBP stood at just below 1.574 before rising in value up to above 1.592 Early Wednesday. But Wednesday’s trading sessions saw the price drop quite a bit back to the previous week’s value of around 1.581. This is apparently a sign of future things to come.
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No EURO Freeze just Squeeze
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A Greek deal is almost here again, maybe tomorrow or Friday or next week! It’s like dealing with an adolescent teen and their irreverent actions. Accountability and big picture politics do not seem to be included in the Greek decision process, otherwise there would be a greater sense of urgency and unity rather than domestic discord and non decisions.
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ECB Expected to Remains on Hold while BOE Eases
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Sterling could drop in forex trading
Tomorrow, both the ECB and the BOE are expected to make interest rate and monetary policy announcements. The ECB is expected to remain steady, and the BOE is expected to increase its asset purchase program.
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