The BOE has delivered the expected 50 bp to the surprise of no one and the pound retains its solid bid. Next up is the ECB. No change is expected today, but Trichet is expected to pre-commit to a march cut while swearing he never pre-commits.
The BOE has delivered the expected 50 bp to the surprise of no one and the pound retains its solid bid. Next up is the ECB. No change is expected today, but Trichet is expected to pre-commit to a march cut while swearing he never pre-commits.