President Draghi's press conference will follow the announcement.
Expectations of much change are low, but …
- Three things to watch in this week's ECB - Nomura
- UBS have changed their European Central Bank forecast
Another, this time in brief via TD:
- We see risks the ECB could tweak policy rate forward guidance
- This outing may be more about the financial plumbing but a dovish shift would cap recent gains and put fresh downside EUR risks sub 1.11 back into view
- With the USD now on the defensive amid Fed rate cut hopes, our hawkish scenario could see EURUSD break into a new trading range above resistance near 1.1325
