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Retail sales, "sufficient progress", the Bank of England and traders’ reactions to the “amendment 7” defeat of the government in parliament were the main events Thursday.
The Euro-to-Pound is showing promising signs of a revival, according to Hantec's, Market Analyst, Richard Perry, who makes the chart of the pair his 'Chart of the Day'.
Last week Mario Draghi dismissed concerns about the impact of the appreciating Euro on the Eurozone's fragile recovery and as a consequence, the Euro rallied.
The Euro to Pound is looking increasingly bearish in the hours running up to the announcement of the European Central Bank (ECB) policy meeting decision.
The effects of the latest slide in the Pound on the economy have been disappointing, says Capital Economics' Andrew Wishart, but that doesn’t mean things won’t get better in the future.
A major meeting of top central bankers in Jackson Hole Wyoming is the event on the top of everyone's agenda's today, although markets may be slightly optimisitc about the possibility of fresh information emerging, according to most analysts.
The Euro to Pound rate spiked higher on Wednesday, breaking above 0.9200 EUR/GBP, after a major European business surveyindicated a continued recovery in activity, especially in the Manufacturing sector of the region's economy.