Spreadex Market Update

Further £10bn commited



Chancellor George Osborne confirmed that the UK will commit a further £10bn to the International Monetary Funds Bailout fund, to much controversy.

The IMF is said to have raised over $430bn to use when and if necessary to help provide support for the Eurozone when and if it needs it.

The French Presidential elections saw Hollande steal the poll lead on Sarkozy over the weekend.

Elsewhere, the Dutch Government's talks on budget cuts has collapsed and caused some uncertainty pushing the markets lower.

Two key MPC meetings are occurring this week, the Federal Reserve and the Bank of Japan. Investors will be looking to see if there is any signs of further QE from these meetings during the week.

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