Results of the meetings of the Bank of England and the ECB

As expected, the meetings of the Central Bank of the UK and the eurozone were not a surprise to the market, but at the same time the volatility of the pound and euro increased based on the publication itself. More reaction of these currencies was focused on the forthcoming statistics on the euro area and the UK, and the Central Bank’s protocols had a deterrent effect. Also, do not forget about the problems regarding Brexit.

Now, market mainly will be focused on the speech of the head of the ECB M. Draghi. But loud statements should not be expected either.  Statistics on the US can have a greater impact on the market.

Hanzenko Anton