In the early part of London, the movement to buy euros is increasing. Today, a ceasefire talks between Ukraine and Russia are being held face-to-face in Istanbul, Turkey. The Russian side has reported that it will issue a statement after the talks, and the market seems to be raising expectations for the agreement.
There are expectations for a rate hike in the rise in the EUR, but as always, it also rises in the topic of negotiations. However, as we cannot find a compromise between each other, we assume that there is a high probability that it will not work this time as well.
