Bundesverfassungsgericht likely to give ESM green light (with strings)

More from Reuters.

The market is anticipating that the ESM will get the nod of approval out of Karlsruhe but I have a feeling that the news, if and when it hits the newswires, will nonetheless lead to another round of EUR buying. I’m looking to play a 1.2820/1.2940 range through the European session with a mildly bullish bias.

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