Afternoon Report: Pound slips on talk of further money printing

Afternoon Report: 17.30

• This afternoon, risk appetite has waned on uncertainty surrounding the ECB’s exact contribution/ liabilities with regard to the Greek bailout. The euro is relatively unchanged on the day, but there has certainly been more of a ‘risk off’ mentality throughout the day with the NZD/ USD reversing early gains to trade down 0.24% on the day.

• The British pound has been the biggest mover on talk that the Bank of England’s latest minutes will show that the printing presses are about to be opened again. The GBP/ USD is down 0.45% with the EUR/ GBP down 0.53%.

• Elsewhere gold is off by 0.60% as the dollar gains the upper hand.

 

Summary: 

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