Big week for Central Banks with the Fed, BoE and ECB all announcing
A fairly big week for currency markets, as three of the four major central banks announce their latest stance on monetary policy. A hike by the Fed is already priced in and thus it will be the forward-looking projections that capture the market’s attention as participants try to gauge how much further tightening to price in for 2018. The ECB has remained relatively dovish despite the improving economic picture in Europe, and the market will be keen to get line of sight on the scale of ECB tapering in 2018. With regards to the BoE, November’s hike is currently viewed by the markets as “one & done”, as the bank remains cautious ahead of BREXIT.
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