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ECB imposes bailout deadline on Cyprus

The European Central Bank announced on Thursday that it would cease providing financial support to Cypriot banks next Monday, unless the government in Nicosia reaches an agreement on the rescue program.
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Forex: EUR/GBP downside held by 0.8500 after UK data

The data load from the UK and the EMU has been fully released and the EUR/GBP was able to hold against further downside at the 0.8500 psychological level. Today’s drop from 0.8566 opening level was due to EUR weakness on Markit PMI data and GBP strength on improving UK retail sales.
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