Greece and the Eurogrop will be the main drivers today – DB

FXStreet (Edinburgh) - Jim Reid, Analyst at Deutsche Bank, remarked the relevance of today’s Eurogroup meeting, although there still are doubts regarding a deal.

Key Quotes

“Continuing the theme of late, Greece remained firmly in the headlight yesterday”.

“Ahead of today’s Eurogroup, headlines on the wires suggesting that Greek PM Tsipras is urging an acceleration of talks with creditors and claiming that ‘a big part of the distance has been covered’ in particular attracted some attention, however we still remain cautious around these sorts of headlines with comments from Euro officials conflicting”.

“European Commission Vice President Dombrovskis said yesterday that ‘progress is not good’ and that ‘it will apparently take more time’ while another EC member, Katainen, noted that ‘you cannot negotiate if you don’t trust’.

“With the Eurogroup meeting today however, it’ll be interesting to see where talks currently stand”.