Eurogroup seeks reducing aid for Cyprus to 10 billion euros
This Friday the Eurozone Finance Ministers will try to establish the amount of the bailout for Cyprus. The country's government pushes for 17 billion euros but the Eurogroup wants to bring it down to 10 billion euros.
Fundamental Morning Wrap: USD & GBP: Bet your bottom dollar on continued pounding?
This mornings institutional research has a distinctly Anglo-Saxon feel to it. The revival of USD is sharply in focus, with many analysts highlighting the numerous reasons for believing that the dollar is fighting back while BoE Governor King´s interview last night has come under scrutiny after he stepped back from claims of verbal intervention, suggesting that GBP had found fair value.