Tomorrow the ECB is due to address the public on its latest monetary policy decisions but we are unlikely to see much deviation from what was communicated at the March meeting. Get your market update from RichardSnowFX here:
Tomorrow the ECB is due to address the public on its latest monetary policy decisions but we are unlikely to see much deviation from what was communicated at the March meeting – APP to be wound down around Q3 with a rate hike to follow sometime after, keeping options available and remaining data dependent.Challenges to the euro have stacked up recently.
However, after the weekends first round results, confirmation of Macron taking the lead resulted in a very brief relief rally for the euro ahead of the next stage of the election process.revealed further pessimism regarding economic conditions within the eurozone in the next 6 months despite the German figure beating expectations . In addition, the German Economic Institute cut its 2022 Germany growth forecast from 4.8% to 2.
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