Market insights

Big potential moves in the Euro today - MI140923

The ECB releases its interest rate decision today. Analysts are predicting the rate to remain unchanged at 3.75%. This could be potentially huge for GBP/EUR if it's either side of that prediction. With GBP/EUR trending sideways this could be the day of a move.

Just after eyes will turn to GBP/USD with their initial jobless claims and retail sales numbers before returning rapidly back to the Euro with the ECB press conference.

The early hours of tomorrow sees Chinese data being industrial production and retail sales numbers.

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Economic calendar

EUR: 13:15 ECB Rate Decision

US: 13:30 Initial Jobless Claims

US: 13:30 Retail Sales

EUR: 13:45 ECB Press Conference

CHN: Friday 03:00 Industrial Production

CHN: Friday 03:00 Retail Sales

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