Don't count on it!
Euro set up for a rally against both Sterling and Dollar
Markets are looking to move out of correction mode and back into recovery mode now. A strong rebound was seen on Wall Street on Friday (with around 1.2% or 22 points added to the S&P 500) which came on the news that Russian troops were apparently pulling back from the border with Ukraine after completing a week long “war games” exercise. Furthermore the US said that it had hit arms targets in northern Iraq with its air force. Asian markets bounced strongly overnight too after Chinese CPI inflation came in at 2.3% and gives room for the Peoples’ Bank of China to ease monetary policy further if required. The ... (full story)