European markets have open in negative territory today, reversing previous session gains, after regulators in the UK and the US imposed fines on five major global banks to settle allegations related to manipulation in foreign exchange markets. Going forward today, investors would focus on the Bank of England’s (BoE) quarterly inflation report for further cues on the timing of an interest rate rise in the UK. Additionally, jobs data and Conference Board’s leading economic index in the UK would be in focus along with industrial production data in the Eurozone.
European markets have open in negative territory today, reversing previous session gains, after regulators in the UK and the US imposed fines on five major global banks to settle allegations related to manipulation in foreign exchange markets. Going forward today, investors would focus on the Bank of England’s (BoE) quarterly inflation report for further cues on the timing of an interest rate rise in the UK. Additionally, jobs data and Conference Board’s leading economic index in the UK would be in focus along with industrial production data in the Eurozone.
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