Despite concerns regarding Italy’s banking crisis and the potential for the rise of euro-sceptic political parties, the single currency advanced versus nearly all of its major peers.
The appreciation can be linked to the combination of positive domestic ecostats and traders taking advantage of the Euro’s comparatively low trade weighting.
Meanwhile, the British Pound continues to struggle after domestic data showed Business Confidence slumped.
8490 got hit earlier,a short position looks likely back down to 8400,tight stop losses are the key here.
"They mistook leverage with genius".