Forex Flash: ECB on hold for now - TDS

FXstreet.com (Barcelona) - “The risk of rate cuts continues but we still seem not to see it this week,” say London based FX Research Team, adding: “But PMIs continue to disappoint and we see the risk of a rate cut as soon as May if the data does not quickly turn as the ECB‘s forecasts are looking too optimistic.”

“This creates a risk that they drop a hint in this regard at this meeting, but it will be a busy Q&A with questions on data, Cyprus, and Slovenia,” the analysts conclude.