A busy week of central bank policy meetings before the end of the year saw the ECB steal the Federal Reserve’s thunder by providing a far more hawkish communication than expected. Derek Halpenny, Head of Research Global Markets EMEA and International Securities, discusses with Michael Owen, Head of Global Client Desk EMEA, what the rates and FX implications will be following the FOMC and ECB meetings.
Derek also looks ahead to the BoJ policy meeting next week and assesses the prospect of a change in the Yield Curve Control policy and implications for the yen.
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