Thursday may not be dominated by appearances from prominent central bankers like the previous two were but we’re continuing to see markets focus on what’s been said, with the euro and sterling both pushing higher again.
Another day in Europe is coming to an end, and those who like volatility were not left disappointed with the euro and pound making sharp moves as speculators responded to fresh rumors and comments from central bank officials.
Central bankers will be the center of attention over the next couple of days, with a number of policymakers appearing, including Federal Reserve Chair Janet Yellen, ECB President Mario Draghi and the Bank of England Governor Mark Carney.
The tide is turning: central banks are finally in the process of ending their extraordinary loose monetary policy stances that had been originally established in response to the global financial crisis and the economic slump that ensued.
What was shaping up to be a potentially lively ECB announcement and press conference following yesterday’s draft staff projections leak, instead ended up being another relatively dull affair, despite the leak itself turning out to have some credibility.