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Merkel assures dialogue with Moscow still possible

FXStreet (Łódź) - German Chancellor Angela Merkel said on Wednesday ahead of a meeting with Russian President Putin in Milan that the fact that the West imposed sanctions on Russia doesn't mean that negotiations can't be continued.

Speaking at the Bundestag, Merkel also warned that the crisis in the Eurozone hasn't ended yet and that the Member States should adhere to fiscal rules and increase their efforts to boost growth in the area.

GBP/USD slides down from Asian highs

GBP/USD never stopped sliding since the moment it opened the day at 1.6020; currently, it is trading at 1.5973.
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Italy Trade Balance EU declined to €0.339B in August from previous €3.312B

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