No Surprises From The ECB Expected This Week
MARKET NEWS
FRANKFURT -- The European Central Bank may have recently shocked markets with an unexpected rate cut, but analysts are not expecting a repeat showing after this week's governing council meeting.
"One hesitates to say lightning doesn't strike twice, but I would be shocked if the bank repeated the dose," Jeremy Stretch, currency strategist at RBC Dominion Securities in London, told FX Week. "It will be another month before we see a rate cut from the ECB."
The central bank performed an apparent U
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