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Forex Flash: ECB rates expected to remain unchanged – Deutsche Bank

Turning to today's ECB meeting, the market consensus is for rates to remain unchanged. According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “We think that the risk is tilted more in the direction of easing of policy, but not in the form of standard interest rate policy. Rather, they think an easing of non-standard, 'credit-easing' liquidity policies is more likely within the next few months.”

Since last month, certain financial conditions have eased including the EUR, which is off its highs, and also a second wave of LTRO repayments which were lower than forecast. The expectation is for Draghi to maintain a cautious tone in his post-meeting press conference.

Forex: EUR/NOK unchanged after data in Norway

The Norwegian krone posted no reaction after the Manufacturing Output in the Nordic economy expanded 0.3% during January, matching previous Reading, Continuing with the data, the Credit Indicator rose...
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Fundamental Morning Wrap: BoE in focus following cables snap

This morning´s institutional research shows a hive of attention being understandably shown to today´s double bill of the ECB and the BoE policy decisions. While naturally the ECB is a key event, due to Sterling´s recent plunge, most attention has been put on the BoE, with reports suggesting that Chancellor Osborne may follow Japan´s lead an hand the bank a new mandate in an attempt to kick start the economy. Elsewhere, the final BoJ meeting of the old guard took place last night with nothing of note coming out.
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