Europe About To Be Hung Out To Dry (Liquidity Wise)?
Two rather unpleasant headlines for the Old World from Reuters:
- There has been disagreement in ECB governing council over new liquidity facility
- ECB will not announce plans for a new liquidity facility to help Irish banks on Thursday
EURUSD has now erased all of the CPI-beat gains. Bond selling picking up.
More as we see it.
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