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The dilemma in Europe

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Today is central bank day in Europe, with both the Bank of England and European Central Bank meeting to decide on policy. We can pretty much discount the BoE in terms of surprises, with the Inflation Report later this month being the key focus in terms of how they adjust their forward guidance policy. For today, the ECB meeting is the main risk even for markets. There is a growing feeling that we are likely to see another easing of policy in the coming few months, with some looking for this to Reported by FXstreet.com 11 hours ago.

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