Forex Strategy Video: A Look at Euro, Pound Pairs after ECB, BoE Decisions
• Both the ECB and BoE held their respective monetary policy stance Thursday
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Fears that the ECB will soon ramp up stimulus and rate expectations for the BoE are over-wrought cooled Thursday after each central bank held their respective line. That hold - and the commentary that accompanied the ECB decision - alters the fundamental sensitivities for Euro and pound pairs significantly. For EURUSD and GBPUSD, the lack of a speculative counterbalance reduces the buffer to greater volatility from the dollar on Fed changes. We look at these majors and other Euro and pound crosses in the context of the European policy outlook in today's Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.