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Mid-Day Report: Euro & Sterling Recovers after ECB & BoE on Hold

Discussion in 'Forex Daily News & Outlook' started by ActionForex.com, May 8, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    After initial weakness today, both Euro and Sterling regain some grounds. ECB is on hold at 4.00% today as markets originally expected. Trichet maintains his usual hawkish tone in the following press conference by emphasizing that the central bank's monetary policy was designed to deliver medium-term price stability and added...

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