Subtitles section Play video Print subtitles Here's what we're watching as the trading week enters the homestretch. The currency's weakness is helping push up share prices in key European markets and also for the UK's FTSE 100. The Euro has dipped below 1.09 against the dollar, as traders now appear to have drawn the conclusion that no news should be read as good news. The ECB disappointed the market on Thursday by punting any decision over extending quantitative easing towards the end of the meeting. A second day appraisal by Mr. Market Hover appears more sanguine. Clearly, until we see eurozone inflation firmly on course to hit 2%, ECB's stimulus will not fade. That has the Euro on track for a third straight losing week. Also playing a crucial part is the dollar, with few doubting the Federal Reserve will tighten policy in December. So, central bank diversions, the dominant trend at the start of the year appears back to close out 2016. The other story that fix is the pound. Unable to hold above $1.23 earlier this week, at the very least, the sickly pound remains ahead of last Friday's close of $1.2191.
B1 FinancialTimes euro market pound appears european Currencies and European shares | Market Minute 142 5 Tim posted on 2016/10/24 More Share Save Report Video vocabulary