Analysts at BNP Paribas (BNPP) offer a sneak peek at what to expect from today’s European Central Bank (ECB) monetary policy announcement that will be followed by President Draghi’s press conference at 1230 GMT. Key Quotes: “Although the overall tone of data has perked up since its June meeting, we do not expect the ECB to sound much different on 26 July. Increased confidence in inflation is somewhat offset by mounting concern about the implications of the trade war, suggesting caution at the ECB. We think Mario Draghi will probably dodge any questions on the timing of the next rate move, referring journalists to his statement from 14 June. A Fed-style operation twist, while possible, would be difficult to implement. In any case, we believe it would be unlikely to be announced at this stage.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD claims the 1.32 level on trade headlines, bulls looking to maintain control FX Street 5 years Analysts at BNP Paribas (BNPP) offer a sneak peek at what to expect from today's European Central Bank (ECB) monetary policy announcement that will be followed by President Draghi's press conference at 1230 GMT. Key Quotes: "Although the overall tone of data has perked up since its June meeting, we do not expect the ECB to sound much different on 26 July. Increased confidence in inflation is somewhat offset by mounting concern about the implications of the trade war, suggesting caution at the ECB. We think Mario Draghi will probably dodge any questions on the timing of the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
