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Chief Analyst at Danske Bank Christin Tuxen gives her opinion on today’s ECB and BoE meetings.

Key Quotes

“Yesterday, the Head of the EU Commission, Jean-Claude Juncker, in his state-of-the-union speech, had two noteworthy messages for majors: (i.) he stressed that the EU is eager to avoid a cliff-edge Brexit (GBP positive) and (ii.) the EU wants to strengthen the international role of the euro (EUR positive but only longer term)”.

“Today, both the ECB and the Bank of England (BoE) are holding policy meetings. As we see little possibility of the ECB announcing any new policy signals, we look for a limited market reaction in EUR. The BoE also looks set to be a dull affair for GBP with the latter much more focused on Brexit negotiations than an on-hold-BoE at present”.

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