Waiting on the BoE & ECB
Original Article from ACM – Newsletter
We still can’t shake the admission from the Greek Prime Minister that there were “holes” in the budget and tax collection was in “shambles”. While markets have initially embraced the Greek announcement of a 3rd set of new austerity programs, we have a hard time believing that these optimistic goals are actually attainable. It’s easy to austerity “grandstand”, the hard part is execution and we are…
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Waiting on the BoE & ECB
Original Article from ACM – Newsletter
FX markets and risky assets paused ahead of today’s BoE and ECB rate decision. The EURUSD has been confined to a relatively tight range between 1.4360 and 1.4450, while the GBPUSD to1.6900 to 1.7015. We are in line with market expectations that both central banks will hold rates steady. However, there is significant disagreement among pundits in regards to the BoE QE program. Analysts interviewed…
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