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More on the European market reaction to what's going on in Cyprus and elsewhere were joined by Brenda Kelly market analyst for IG good morning Brenda.
Why the heavy selling that in morning is it all Cyprus is it that lackluster debt auction in Italy is it.
Again greater capital requirements in the UK explain at all.
It's a combination of full free things -- ultimately we were knocking out five year high spurred a lot of the European and desist and of course we've seen consumer confidence -- that.
In the eurozone for the first time since October of course those couple to look at restrictions may set a priest and for the rest of Europe which is ultimately worrying investors.
But -- -- what about the debt outlook though is there any hope in sight that concerns about Cyprus will wane in the days and weeks to come.
And there's a possibility that the might be some -- coming out of Europe -- for the time being they are getting a lot of negative news in relation to templates that can't be used.
That it further likes to Spain if they go to look for a bailout and of course depositors and other banks and the rest the eurozone countries.
And might start to get a little bit concerned that we might see some copy to flight there so unless we see did definitive.
Idea that the -- that is just for and unique basis for Cyprus then I would expect to see and commit more pressure on the Euro going forward.
-- it was good to see you thank you so much for the analysis market analyst for IG this.
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