Economic fact
European indices fell sharply this morning due to a surprise bailout plan for Cyprus that includes a levy for savers to help fund a $10 billion euro bailout.
Means
Levy for savers: Cypriots with less than 100,000 euros in their accounts would pay a one time tax of 6.75%
Those with deposits over that amount over that amount would pay 9.9% in tax
News fact
Shares in Barclays have been hit hard after the deposit charge announcement in Cyprus
Means
Shares in Barclays are down 3.6% will we see a retracement today or will shares continue to tumble?
FTSE 100
EUR/USD
BARCLAYS
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