A deflationary trigger for the ECB

Markets expect the ECB to implement further quantitative easing amid deflation concerns, while the Aussie dollar plumbs new lows as the economy rebalances.

Currency markets have their eyes on Europe this week, with both the Bank of England and the European Central Bank due to meet. Attention will be keenly focused on the accompanying central bank policy announcements.

UK likely to stick with policy stance

Inflation in the UK remains soft, wage growth is minimal and greater European growth is stagnating. Because of this, the Bank of England is expected to maintain its current policy stance.


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