Excerpt from today’s Daily commentary:

Prime Minister May arrived in Brussels yesterday seeking the EU’s assistance to share political and legal assurances with her cabinet, only to leave empty handed once more… Across the channel, ECB’s Draghi kept key rates unchanged and formally announced the end of their Quantitative Easing programme… Price action remained subdued with GBPEUR languishing around 1.1100 but held above 1.26 against the greenback, with the ECB press conference providing investors the chance to close euro positions as growth outlook in the Single State Bloc is forecasted to weaken next year.

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