Ukraine Crisis Worsens; ECB and BoE Policy Decisions In Spotlight
August 7, 2014 5:23 am
European markets have opened in the red today, amid rising tensions over the Ukraine crisis. Late yesterday, the Russian President, Vladimir Putin, imposed sanctions on the European Union and the US in response to the sanctions imposed by them on Russia.
Closer home, traders keenly await the Bank of England’s decision on interest rates and asset purchase facility which is widely expected to remain unchanged. Additionally, traders will eye the European Central Bank’s interest rate decision, especially after recent data revealed that the annual consumer price inflation in the Eurozone eased further in July.
European markets have opened in the red today, amid rising tensions over the Ukraine crisis. Late yesterday, the Russian President, Vladimir Putin, imposed sanctions on the European Union and the US in response to the sanctions imposed by them on Russia.
Closer home, traders keenly await the Bank of England’s decision on interest rates and asset purchase facility which is widely expected to remain unchanged. Additionally, traders will eye the European Central Bank’s interest rate decision, especially after recent data revealed that the annual consumer price inflation in the Eurozone eased further in July.
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