If the Bank of England will leave rates unchanged and will not do any individual statements in the policy of quantitative easing, the major foreign exchange markets are likely to focus on addressing the rate and the statement of the ECB, as well as the results of stress tests of American banks. According to analysts Lloyds, the ECB lowering rates by 25 bp already included in the price. However, if you will not be announced no new measures to ease credit conditions, market participants may be extremely disappointed by the decision, that would be to sell the euro and the purchase of the German state. bonds. A decision on the rate of the ECB will be 15:45 AM EDT.
Thursday, May 7, 2009
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