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PostPosted: March 31st, 2015, 3:39 pm 
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Joined: June 5th, 2007, 4:36 pm
Posts: 1105
Location: Italy
By Halo Financial

The volatility that we observed in March was staggering. The Sterling Euro rate staged a move from the mid-1.30s up to a fresh new 7 year high of 1.4250. The move higher can be attributed to ECB President Mario Draghi's pledge to buy 60 billion worth of euros per month in assets which drove the Euro lower across the board. It was the sheer speed of the move that took the market by surprise, the Euro fell 6 per cent in six days, a pace of decline only seen before in October 2007 after the collapse of failed investment bank , Lehman Brothers. After reaching 1.4250 the market performed a shar...

http://www.halofinancial.com/currency-market-updates/fx-news/reports-details.aspx?rid=6278


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