ECB launched an open ended QE and also cut the rate by 10 bps. The German industrial economy is in a deep shock state as recession is biting hard. Yet EURUSD climbed to days highs.
The US deficit
The federal budget deficit is going to 1 trillion into the next 10 years and that is just the best case. The social security costs is climbing. US households are leveraged like never before
On the Pound, it has been record recovery.
The pound headed for the biggest weekly gain since May against the dollar after reports of U.K. politicians softening their stance on Brexit rekindled optimism about a potential deal
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