European Market Briefing: Shares Edge Lower As Currency Markets Heat Up [VIDEO]

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By Martin Baccardax | February 13, 2013 10:40 PM EST

European stocks posted modest losses Wednesday in a session dominated by marco headlines and renewed currency volatility.

The Bank of England's Quarterly Inflation report warned that CPI likely won't return to the Bank's preferred 2 percent target until at least 2016 - some 18 months longer than its last forecast in November and seven years since price last matched the BoE's threshold in December of 2009.

[PLEASE SEE VIDEO BOX IN UPPER RIGHT OF SCREEN]    

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