Market Commentary ECB President Draghi exceeded doveish expectations, expanding the percentage of outstanding issuance that the ECB can buy from 25% to 33% and sharply lowering inflation forecasts and outlook, EURUSD took out 1.11 falling over a big figure, to trade down to a low of 1.1087. Adding to the doveish read, the decision to downgrade the inflation forecasts and outlook came prior to recent market turmoil. Attention now shifts to todays NFP a weak print should attract demand in EURUSD on a risk sell off. A strong NFP however should propel Euro to fresh lows and back towards the medium term support between 1.08/1.10 GBP continues to find pressure against the USD as domestic data has shown signs of weakness, The UK services
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