Ahead of each European Central Bank meeting ING distribute their awesome ‘cheat sheet’.
Preamble:
ECB widely expected to cut by 25bpafter the recent inflation slowdownWe explore how a market positioned for a predictable outcome could react to a surprise hold or more dovish guidance. We retain a bias for higher front-end EUR rates, and further pressure on EUR/USD would probably need to come with some defensive pre-election positioning.
This article was written by Eamonn Sheridan at www.forexlive.com.
