The focus will clearly be on the ECB announcement at 12.45pm BST and the press conference that follows. Elsewhere worth noting that S&P affirmed Germany’s AAA rating, citing the country’s ability to withstand large economic and financial shocks. European equity futures are looking slightly higher and in FX the Euro is trading marginally lower against the dollar, having tested the 1.23 level again late last night.

 

Posted by Philip Ball | Sales and Trading