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Eurogroup chief considers Cyprus bailout deal the best possible solution

Eurogroup president Jeroen Dijsselbloem faced a grilling in the European Parliament today over the recent Cyprus bailout deal. He defended the final rescue program by saying that it was "the best possible way" to handle the situation.
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Forex: GBP/USD extends consolidation into NY session

The pound trades marginally lower against the dollar, having spent most of the day within a slim range unable to set a fresh direction. GBP/USD is currently trading down 0.1% at the 1.5530 area, having hit a low of 1.5520 and a high of 1.5550, where the 100-hour SMA acted as dynamic resistance.
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