ECB Preview: Unlikely to be much direct support for the EUR from the policy decision itself – Scotiabank

FXStreet Insights Team FXStreet

EUR/USD slips to low 1.05s ahead of ECB decision. Economists at Scotiabank analyze the pair’s outlook.

ECB is expected to leave its policy rate on hold

The ECB is expected to leave its policy rate on hold at 4.00%, a move which likely heralds an extended pause following the September hike.

Messaging from ECB President Christine Lagarde at press conference may echo her comments on Wednesday that the inflation fight is not over but there is unlikely to be much direct support for the EUR from the policy decision itself.

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