All eyes are on the European Central Bank’s monetary policy meeting today followed by a press conference, which will take place at 1:30pm. The euro has strengthened against the dollar slightly this morning.
The ECB is expected to focus on the recent rise in bond yields and the Bank’s inflation projections, and it’s thought that it could increase its forecast for inflation and lower the forecast for GDP. The euro could take its cues from any comments made by ECB President Christine Lagarde.
Tomorrow morning, inflation rate figures will be released for Germany, followed by industrial production data for the Eurozone.
