Euro Sprouts Wings Following ECB Rate Rise
The euro seems to have consumed several cans of red bull following the ECB interest rate decision last week.
Following the announcement from President Jean-Claude Trichet that the ECB has raised interest rates to 1.25% the common currency sprouted wings to soar above rivals including sterling. This is news to prompt investors to don paper hats and uncork the champagne since it increases return on EU bonds – meaning better profits.
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The euro seems to have consumed several cans of red bull following the ECB interest rate decision last week.
Following the announcement from President Jean-Claude Trichet that the ECB has raised interest rates to 1.25% the common currency sprouted wings to soar above rivals including sterling. This is news to prompt investors to don paper hats and uncork the champagne since it increases return on EU bonds – meaning better profits.
More...
