Special report: ECB Preview – Hawkish Shift?
There has been a lot of speculation in the lead up to today’s decision that the ECB will change its forward guidance, via an adjustment in its easing bias, and possible reference to the timing of the start to policy reversal. Here’s a breakdown. Also check out out UK Election analysis.
Next 24 hours: The Big Snooze
In our opening call today we suspected it all could end up being quite anticlimactic. And into the European close, that's exactly how it played out. A UK election, ECB decision and former FBI Comey testimony left us with the major FX markets trading within just 0.3% of Wednesday's closing levels.