DRAGHI’S COMMENTS WEAKENS EURO

The pound sterling got somewhat of a reprieve following heavy falls over the last week or two against the Euro, this came following comments from Mario Draghi the European Central Bank President speaking after the governing council meeting in Frankfurt.

Draghi appears to be hinting at more stimulus, according to reports he effectively said that the ECB  would decide at its December meeting whether to change the rules around the QE programme which is scheduled to end in March, he also announced that the organisation was keeping interest rates at record lows.