ECB and BoE Policy Meetings Today
In today’s trading session, the ECB’s policy meeting is likely to hog the limelight with the central bank expected to offer details of its asset purchase programme, set to begin later this month. In the UK, the BoE’s meeting is unlikely to attract much attention among market participants, particularly considering that the central bank is widely expected to maintain its current stance. Going forward, tomorrow’s consumer inflation expectations survey in the UK will be noted, especially after Mark Carney recently hinted that weakness in the nation’s inflation is expected to remain short-lived.
Across the Atlantic, today’s factory orders data for January is expected to show that demand among local manufacturers rose for the first time in the last six months.