Here’s a “cheat sheet” for the European Central Bank meeting – scenarios & how to position

This is the regular cheat sheet that ING issue for ECB meetings – a great summary and very handy!

ING think the Bank will hike by 25bp:

• we suspect that convincing markets that this is not the peak will be very hard, and dovish dissenters may get in the way. The upside for EUR rates and the euro may not be that big and above all, quite short-lived

Earlier:

• More on the apparent leak of an ECB rate hike coming on Thursday

This article was written by Eamonn Sheridan at www.forexlive.com. Source