Markets are focused on remarks by senior ECB officials and the minutes. Investors are closely watching efforts to gauge the divisions within the UK MPC.
The London market outlook is focused on remarks by senior ECB officials and ECB-related minutes as key factors. The content of these releases could affect the euro and major currency pairs such as dollar/yen. Market participants are seeking to interpret the context of the remarks and the nuances of the minutes in order to gauge the direction of the ECB's future monetary policy.
At the same time, within the UK monetary policy debate, attention is focused on the divisions within the UK's central bank, the UK MPC, namely the points of divergence in policy stance. The market is watching how differences in views among MPC members will be reflected in future interest-rate decisions.