Investor attention will be on the ECB rate meeting later this week (Thurs). Key question number one is related to QE: Will the ECB wind down the program this year? At what pace? Currently the ECB is buying E30 billion of bonds per month.

The other question relates to the recent slowdown in the Eurozone. Economic data released today show moderating growth in large EU countries (GER & FRA). How will this impact ECB’s policy remains a question mark.

On GBPEUR, the rate has fallen back into its former range on Carney’s remarks. The rally from 1.1150 appears to be holding for now. Lateral support is noted at 1.1350.

 

 

Jackson has over 10 years experience as a financial analyst. Previously a director of Stockcube Research as head of Investors Intelligence providing market timing advice and research to some of the world largest institutions and hedge funds.

Expertise: Global macroeconomic investment strategy, statistical backtesting, asset allocation, and cross-asset research.

Jackson has a PhD in Finance from Durham University.