Goldman: We Were Wrong On The Euro But Keep SellingRupert Hargreaves
"We badly misread this meeting." -- Goldman's euro mistake
For those that missed it, yesterday the European Central Bank announced a modest cut in its deposit rate (10bps), to a historic low of minus 0.3%, and pledged to continue its €60bn-a-month bond buying programme for another six months until March 2017 “or beyond." The market was expecting a much more aggressive package of stimulus measures from the central bank and traders were betting heavily against the euro believing it was set . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click Chat.