City Forex Traders Prepare For ERM Volatility, But Few Expect Noise From Weekend Summit
REGULATORS
LONDON--Traders in London will be manning their desks today--despite the May Day bank holiday--to cover any volatility that may follow the weekend meeting of European Union summit members.
The heads of state and government met in Brussels to determine the participating members for Economic and Monetary Union (EMU), fix bilateral exchange rates between the "in" countries and name the president of the new European Central Bank.
At the end of last week, market participants widely anticipated that the
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