The headline from yesterday was main refinancing rate for the ECB which was cut by 0.6%. This was against an expected 0.25% cut.
The ECB press conference held later in the afternoon confirmed that the Eurozone economy needs a shot in the arm.
GBP/EUR gave the Pound the upper hand in that particular fight.
All of this could be a precursor to a massive week next week for news.
There's UK inflation, US interest rates and UK interest rate on the table for this time next week.
However there's plenty to get teeth into ahead of all that with the US Michigan consumer sentiment index reported later before Chinese retail sales numbers in the early hours of tomorrow.
Business news has taken on a gloomy feel again with the spotlight being on the OBR's prediction that UK Government debt could triple over the next 50 years.
US: 15:00 Michigan Consumer Sentiment Index
CHN: Saturday 03:00 Retail Sales
As ever we look forward to keeping you in the loop and look out for our next update.
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