European FX Midday recap

13:19CET

This is a recap of what has been hitting the wires this morning and causing some market impact.

    * Fed’s Evans: Wants to apply accomodative policy until confident economic situation changing and feels $600 bln is a good place to start
    * Fed’s Rosengren: Expects to buy entire $600 bln of bonds as dramtic improvement absent, and would consider more action if needed.
    * China’s consumer confidence drops in Q3 – Stats Agency
    * China cabinet: Will make moves to stabilise prices
    * LCH Clearnet ups margin requirements to trade Irish government debt to 30% of net position
    * Finnish FinMin: Difficult to believe Ireland does not need financial help
    * Irish FinMin: Finance ministers of eurozone are determined to take action to ensure stability of eurozone
    * Irish PM: Focus is on what way assistance can be provided to deal with siuation in Ireland. 
    * Austrian FinMin: Greek payment tranche will be postponed to January from December. Greek numbers look significantly better
    * Greek FinMin:  Delay of EU part of aid tranche to Greece till January is due to technical difficulties.
    * BOE minutes: 7 MPC voted for unchanged policy in November, Posen for 50 bln QE, Snetance for 25 bps rate hike
    * UK October jobless claims fell -3,700, better than median forecast of +5,000.  First monthly fall since July

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