Flash: ECB Yes, MPC Not so much - Societe Generale

FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale feels that Europe will focus more on the ECB than the UK's MPC meeting ( a likely non-event).

He writes, “It's hard to see what super-innovative Mario Draghi can come up with this time. More detail of SME ABS? That's about as sexy as last night's Abe speech on structural reform and look how that played in Japanese markets! Still, just on the outside chance that Mario can (yet again) spring a surprise on rates, why not go into the meeting short EUR/GBP and long some `Euribor futures after the recent pull-back?”