The Traderszone Network

Published in TZ Latest News 8 May, 2014 by The TZ Newswire Staff

Euro, sterling buoyant before central bank meetings

Expectations the European Central Bank will keep its policy powder dry for another month at least kept the euro near a two-month high on Thursday, as soothing talk from the head of the Federal Reserve lifted shares and bonds. The ECB meets in Brussels later and though euro zone inflation remains well below its comfort zone, signs the economy is picking up and still-falling government borrowing costs mean the bank is likely to hold off cutting interest rates again.

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