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Troika negotiating a smaller bailout with Cyprus

According to Newswires, officials have said that the Troika mission is negotiating a significantly smaller bailout with the Cyprus government on the back of a higher privatization proceeds.

The bailout would be of EUR 10B instead of the EUR 17B expected by expert. This change would help to bring debt-to GDP ratio to 100% in 2020.

The EUR/USD is trading at 1.3030 after declining from 1.3070 in the last two hours. Against the Pound, the Euro is declining hard from 0.8790 to the 0.8735.

Forex Flash: NOK/SEK potential upside ahead – RBS

The benchmark of the Scandinavian crosses is trading in session lows, hovering over the area of 1.1130/40 as of writing...
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Forex: GBP/USD reverses daily losses

The British pound managed to reverse earlier losses against the greenback after falling to a 3 ½-year low of 1.4830 in the wake of disappointing UK data.
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