Greece is entering the home stretch of its first election campaign since becoming a global financial pariah and the polls show no party gaining a mandate to enforce the austerity policies needed to stay in the euro.
The pound weakened against the dollar for a third day after an industry group lowered the U.K.’s growth forecasts and Standard & Poor’s cut Greece’s sovereign debt rating, curbing investor demand for higher-yielding assets.
The pound slid the most in a week versus the euro after European Central Bank President Jean- Claude Trichet said interest rates may rise next month, increasing the euro area’s yield allure over the U.K.
Henar Fuentes held out the white cardigan sweater as if she wanted nothing more in the world. It was on sale for 8.45 euros ($11.44) at a Madrid boutique just a few minutes’ walk from the Puerta del Sol.
Mario Draghi said the European Central Bank is ready to move deeper into uncharted territory in the fight against deflation, with policy makers debating what form of quantitative easing they might need to use.