Flash: ECB to weigh on EUR/USD - Societe Generale

FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale believes that Thursday’s ECB meeting could weigh on EUR/USD.

Key Quotes

"Thursday’s ECB meeting will keep the Euro under some downward pressure in the first part of the week as talk of further action, perhaps involving the ECB buying bundles of loans, continues.”

“EUR/USD and EUR/JPY weakness can also drag GBP/USD lower, despite the prospect of solid UK PMI data this morning and on-going ‘housing bubble’ stories in the press."