Money in Motion

Euro Slips, Pound Lifts, EU Summit Looms


The Bank of England holds steady, New Zealand stands pat, and everyone is watching the EU summit - it's time for your FX Fix.

Officials played down expectations for the European Union summit, and the euro weakened. [CNBC]

Investors expect an interest rate cut at today's European Central Bank meeting. [BBC]

Some central banks in Europe are preparing for the possibility of countries leaving the euro zone. [WSJ]

J.P.Morgan told investors to at least hedge most of their exposure to the euro. [WSJ]

The Bank of England left both interest rates and its quantitative easing program unchanged.The pound was stronger on hopes for the EU summit. []

New Zealand's central bank kept interest rates steady, but the dovish tone in its statement sent the New Zealand dollar lower. [WSJ]



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