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Factions within the euro zone on what assistance Greece will receive, and from whom dominated the day’s trading spurring a decline in the euro, and sending European equity markets off a touch also.

While Germany are in favour of involving the International Monetary Fund (IMF) in a package to support the indebted nation, EU president Jean-Claude Trichet, and French president Nicholas Sarkozy are among those vocal about solving the problem within the EU, commenting a failure to do so would show the EU can’t solve its own crisis.

Greek Prime Minister George Papandreou spoke yesterday in Brussels, also outlining his support for an EU based assistance package to deal with a mountain of upcoming debt, with 10 billion Euros required to be raised before the end of May to pay for debt falling due. Until a concrete resolution is reached we would expect the euro to remain on the back foot.

US inflation arrived with no rise in consumer prices over the month of February, underpinning expectations that the Fed would keep interest rates steady over the coming months as outlined in their statement days ago

Public Sector Net Borrowing figures arrived better than expected giving the pound a little boost in the morning session, still arriving with a dire figure of a £12.4bn deficit for the month of February.

The data calendar is particularly light today so once again the focus will be pointed towards European policymakers, any hint towards a solution will no doubt have an impact on the markets