ECB bucks market expectation with silence on further bond purchases
The European Central Bank's (ECB) decision to keep mum on further bond purchases or a target size for the programme split analysts and caused the euro to wobble on Thursday afternoon.
By the close of trade in London, the dollar had gained 0.68% against the single currency to $1.3217. The fall came after the central bank defied speculation that its controversial May move to buy eurozone debt securities would be extended or intensified.
Market participants had hoped the ECB would make a statement
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