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Sterling rises against euro

Sterling rose against the euro on Tuesday after better than forecast UK services PMI data, though gains were pared back by uncertainty ahead of the election]

By Richard Nehme | April 8, 2015 10:06 BST
Euro continues to benefit from weaker USD
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International News

Weaker-than-expected Eurozone services PMI data pushed EUR/USD below 1.0869, the pair erased the entire post-Non-Farm Payroll gains witnessed on Good Friday, and opens at 1.0860

The main focus will be on the FOMC minutes this evening. Given Yellen’s comments on the USD at the press conference, the market will scrutinise the release to see if there was widespread concern among the committee members about the strength of the US dollar and the inflation outlook going forward [...]

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