The pound is down this morning after figures showed the UK’s GDP to be in contraction – albeit at a slightly slower rate than forecast.
The prospect of negative interest rates is raising uneasiness on both sides of the Atlantic, after some claimed that the Bank of England’s Ben Broadbent did not entirely rule out the policy in an interview earlier this week, and as Donald Trump continues to push the Federal Reserve on the policy.
In the Eurozone, the markets are awaiting today’s speeches from Philip Lane and Luis de Guindos for any hint of future policy direction.
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