Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- Monetary policy, some key data release, and developments in the Middle East impacted markets …
- As expected, the ECB hiked rates by 25bps. The ECB also indicated further tightening may be needed…
- Main pairs continued to change hands within very narrow ranges …
- EUR/USD opens this morning just above the $1.16 threshold …
- GBP/USD is up near the midpoint of the $1.33-1.34 band …
- EUR/GBP remains in the lower half of 86-87p …
- Looking ahead to a busy week, which includes policy decisions from the Fed, BoE and BoJ …
- Markets will also be highly sensitive to news flow regarding a potential US-Iran peace deal …
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