Ross Burland of RationalFX on CNBC – 2nd Oct 2008
2 Oct, 2008, 0930 hrs GMT

RationalFX’s head of Corporate Dealing, Ross Burland, appeared live on CNBC to give his opinions on the foreign exchange market yesterday morning ahead of the European Central Banks Interest rate meeting. As Ross predicted, the ECB left rates on hold and the euro continues to weaken. The market is now looking towards an ECB rate cut in November after Trichet said yesterday it had considered cutting rates. In an interview today Trichet said that growth could slow even further. The market continues to speculate over coordinated cuts from the G7 as the growth outlook deteriorates further in the wake of the global banking crisis.