FXstreet.com (Barcelona) - On Thursday, the European Central Bank and the Bank of England will reveal their monetary policy and markets will be eyeing both events very closely as easing steps are expected: “The ECB should ease 25bp but defer on another LTRO. This move is only 35% priced, but with eonia rates already substantially below the policy rate (0.35% versus 1%), a cut should not weaken the euro much”, wrote JP Morgan analyst John Normand, pointing to a £50B extension of the BoE’s asset purchase program, adding “this move should also be discounted by now”.
Forex Flash: ECB to cut rate by 25bp, BoE to ease further £50B – JP Morgan
Mon, Jul 02 2012, 13:42 GMT | FXstreet.com
EUR/USD May 25 at 09:28 GMT
1.2932/39 (0.02%)
H1.2940 L 1.2931
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
