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Interest Rate decisions and Mario Draghi Eurozone Monetary Policy speech could lead to a volatile trading day! (Dayle Littlejohn)
With interest rate decisions from the UK and Eurozone tomorrow, any unexpected movements could cause a volatile day for trading. The general consensus is that both decisions will come in as expected however if you are looking to trade GBP/EUR tomorrow I would be keeping a close on these decisions. Further to this Mario Draghi the head of the European Central Bank is to give a press conference, where he will discuss the monetary policy statement which includes the interest rate decision and also the Quantitative Easing programme that he initiated in January. It will be interesting to understand how the ECB plan to distribute the funds, (cash flow) to each country and depending how Mario presents this will depend on what happens to GBP/ EUR exchange rates. I’m of the opinion, tomorrow could be a very volatile day for the currency pair.
If you are looking to trade Sterling and Euros in the future feel free to email me on [email protected] or alternatively call 01494 787 478 and ask for Dayle Littlejohn.
Source: http://www.eurorateforecast.com/2015/03/04/interest-rate-decisions-and-mario-draghi-eurozone-monetary-policy-speech-could-lead-to-a-volatile-trading-day-dayle-littlejohn/
