Forward of every European Central Financial institution assembly ING distribute their superior ‘cheat sheet’.
Preamble:
- ECB broadly anticipated to chop by 25bp
- after the current inflation slowdown
- We discover how a market positioned for a predictable final result may react to a shock maintain or extra dovish steering. We retain a bias for larger front-end EUR charges, and additional strain on EUR/USD would in all probability want to return with some defensive pre-election positioning.
This text was written by Eamonn Sheridan at www.forexlive.com.
