The ECB is planning to buy up an unlimited amount of debt from the Bond market to stabilise very high interest payments for Greece, Spain and Portugal. As a result of this anticipated news and change in policy led by Germany and France sterling is gain strength against the U.S. dollar in harmonyy with the euro making imports from the states cheaper. This could be very good news for America as it may cause the stagnated economy and employment market to start recovering just in time to bolster Consumer Confidence for the Presidential Elections to be held in November; but these early signs of recovery may happen a little too late for Obama.
