United States ADP Employment Change came in at 204K, below expectations (220K) in August

FXStreet.com (Barcelona)

Sep 4, 2014

ECB unexpectedly cuts rates - ING

Carsten Brzeski from ING wonders if it is "the start of Draghi’s helicopter", following the unexpected announcement of ECB's decision to cut rates in September.

EUR/GBP collapses after ECB's cut

The Euro is trading under pressure across the board following the surprising ECB decision to cut rates. Against the Pound, there is not an exception as the EUR/GBP is testing now the 0.7925 after a 60-pip down movement.