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The FTSE opened around 5 points down, back within the 7150 to 7200 trading bracket that it has made its home for the past few weeks. The pound, meanwhile, continued the trends put in place yesterday, with a 0.3% fall against the dollar (leaving it just above $1.24) joined by a 0.3% rise against the Draghi-weakened euro (approaching €1.165 in the process).

Over in the Eurozone the losses were a bit more pronounced, with the DAX and CAC dropping 0.2% and 0.3% in the process. This despite the sharp drop seen by the euro itself; alongside its 0.3% decline against the pound the currency saw an ugly 0.6% slide against the dollar, taking it to a week-plus low of under $1.068. It seems that the euro and the region’s indices are reacting to different things. The former is still processing Draghi’s comments from yesterday, with the ECB chief reiterating the Eurozone’s need for stimulus despite rising inflation, while the latter are dealing with the fear of Marine Le Pen’s presidential campaign and the uncertainty a victory for the far right leader would bring.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Connor Campbell

Connor Campbell

Connor joined Spreadex in 2014 as part of a newly expanded financial analyst team after graduating from the University of Southampton with an MA in English. His focus is on providing Spreadex's customers with up-to-date and informative news, and is responsible for the market analysis found on the Spreadex website.

Connor produces three daily market updates, a daily stock earnings preview, a weekly financial market preview piece every Friday, a round-up of all the big financial stories making the weekend press every Monday morning and regular stock market features.

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