Good Morning ,
Today's overview of economic news and market action:
- As expected the Bank of England cut rates by 25bps yesterday …
- Meanwhile, the ECB opted to keep policy on hold for a fourth successive meeting …
- Overnight, the Bank of Japan raised official rates by 25bps to 0.75% …
- The overall market reaction to all three decisions was muted …
- Of the moves to note, UK futures contracts hardened somewhat, which in turn supported sterling …
- This sees EUR/GBP open today midpoint of 87-88p …
- EUR/USD is in the lower half of $1.17-1.18 …
- USD/JPY is operating in the top half of the ¥156-157 trading band …
- Eurozone consumer confidence (December) is due today …
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