Markets shaken by BoE and ECB meetings
The BoE raised its base rate by 25bp, which was expected. What was less expected was that it almost raised it by 50bp and announced that it…
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At the same time, the rebound of the USD reflects both this nervousness, but also the possibility that the anticipated tightening of ECB policy will be lighter than expected.
Japanese GDP growth was revised from +0.3% to +0.5% q/q in Q2. The economic calendar is still light today. The euro is trading below USD 1.184.