The Pound has once again stuck its head slighty above 1.20 against the Euro only to be knocked straight back down again  by the time trading lines opened this morning.

Yet again Sterling looked like it may have the power to push on following news that the European Central Bank had discussed negative deposit rates which gave the Euro a little weakness yesaterday afternoon.

We have Mario Drahi (Head of the European Central bank) speaking both this morning and tomorrow morning so all eyes will be on him and personally I feel that any Euro negative comments may finally tip the balance.

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