By Dean Popplewell
Capital Markets brief timeout is now over now that U.S. Independence Day has come and gone. Let’s get down to the meaty work of guessing what central bankers have in store for us. This is shaping up to be a big day with BoE, ECB and ADP front and center over the next few hours. So far this morning, the EUR has remained lackluster outright, apart from the intermittent knee jerks, many investors have chosen to stay on the sidelines ahead of key rate announcements and bond issues. Will the BoE and ECB make any bold moves in the next few hours to stimulate the U.K. and eurozone economies?
The consensus forecast are for the BoE to keep its key rate unchanged at +0.5% but to increase its asset buying program by +GBP50b to +GBP375b. It’s anticipated that the ECB is to deliver a conventional response to
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