Euro leader talks lift the single currency and the British pound is rising, but the OECD is downbeat - it's time for your Forex trading fix.
After an Italian newspaper said the IMF is in talks about an Italy aid package, the IMF denied it - but Italian bond yields eased anyway. [CNBC]
Moody's says the European crisis is threatening all sovereign debt ratings there, and several shocks may be needed to force a rescue plan. [CNBC]
Icap, the world's largest electronic forex trading platform, has been preparing for a possible breakup of the euro and testing its platform to trade the Greek drachma. [FT]
The British pound rose against the dollar, but remains vulnerable to expectations that the government will lower its growth forecast. [Reuters]
The Organization for Economic Cooperation and Development slashed its growth forecast, especially for the euro zone. [FT]