RBC says ECB is done, focus on Fed

Adam Cole, head of G10 FX strategy, outlines the bank's expectations for 2016

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RBC Capital Markets: positive view on sterling

If the big question in 2015 was whether the European Central Bank (ECB) would implement a quantitative easing (QE) programme to boost inflation in the eurozone, 2016 will revolve around which path the US Federal Reserve is set to embark on beyond its first rate hike.

Adam Cole, head of G10 FX strategy at RBC Capital Markets, expects the US central bank to hike 100 basis points throughout the year, raising rates at every second meeting.

"The two things [that may cause the Fed to slow down] would

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