EUR/USD:

Market news

10 March 2011

EUR/USD:

Offers at $1.3850 so far able to counter rate's recovery efforts, though corrective pullbacks remain shallow and keeps hopes alive for a stronger recovery. Intraday stops said to begin above $1.3850, more through $1.3860. Rate currently trades around $1.3845. Support remains in place at $1.3830, stronger on approach to $1.3800

UK: BOE MPC leaves QE unchanged at stg200bln

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