GBPUSD: Trading the Bank of England Minutes

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The Bank of England Minutes presents the biggest event risk for the British Pound and the policy statement may prop up the sterling should the central bank talk down speculation for additional monetary support.


FDA Puts GTX Capesaris Trials On Hold; Shares Down

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Memphis, Tennessee-based biopharmaceutical company GTx Inc. (GTXI) said Tuesday that the U.S. FDA has placed a clinical hold on its phase II trials evaluating Capesaris for first line treatment of advanced prostate cancer and secondary hormonal therapy. The company also reported a wider loss for the last quarter of the year.


Eurozone Finance Ministers Reach Greece Deal

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G10 Advancers and Decliners vs USD
EUR 0.34 fb156_advancer_bar Eurozone Finance Ministers Reach Greece Deal
CHF 0.27 fb156_advancer_bar Eurozone Finance Ministers Reach Greece Deal
GBP 0.04 fb156_advancer_bar Eurozone Finance Ministers Reach Greece Deal
88d7f_decliner_bar Eurozone Finance Ministers Reach Greece Deal JPY -0.19
Risk firmed as the much anticipated Greek second bailout package was passed by the Eurogroup finance ministers. Dow Jones reported that financing on the deal would total 130bn euro and that Debt to GDP would wall to 121% by 2020. In addition, the news wires reported that private creditors would accept a deeper haircut, expected to be over 53%. On the news of the Eurogroup and PSI agreement,…