False dawn or is this 'Recovery Moment' for the euro?

January 13, 2012 at 9:01 AM

• Sterling down versus the majors on future QE injections
• BoE leaves interest rates and QE unchanged 
• Euro recovers on Draghi comments and a successful bond auction
• ECB leaves interest rates unchanged at 1.00%
• Dollar slides across the board on gain in risk appetite

The pound took a hit from all sides yesterday as we saw continued weakness throughout the trading day versus the majors. 


Tags: BoE