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. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat