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Forex Flash: Italian drama weighing on EUR/USD - OCBC Bank

Emmanuel Ng of OCBC Bank notes that the baggage from the Italian political deadlock may continue to weigh on EUR/USD in the near term with the pair still looking indecisive around the pivotal 1.3058.
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Forex: EUR/GBP close to flat after UK GDP

Today's upside found its high early in London morning, at 0.8673, and a retracement of gains was already in process just before the release of EMU money supply data. EMU M3 money supply eased from 3.7% to 3.5% (3m) in January, but rose from 3.3% to 3.5% (consensus of 3.2%) in the annualized basis. Private loans contracted -0.9%, more than the -0.6% expected.
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