EUR Trading Outlook (03-11-2011)

The Euro (EUR) The fallout from the referendum burst back onto the main stage at the end of the US session after Merkal/Sarkozy sounded a warning that not accepting the Oct 27 bailout plan would result in Greece leaving the EU. The referendum has been brought forward to the relatively close date of Dec 4. Looking ahead, ECB rate meeting forecast to hold at 1.5% and New President Draghi first meeting.

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