All eyes were on Euro inflation numbers this morning, and consensus from the outset was that data in line with market expectations would not necessarily be weak enough to make the ECB act next week. Even expectations for a rebound would also suggest that the ECB would have some near term breathing space. However, if there were a sign that deflationary pressures were very much in place then this would have the potential to put pressure on the ECB to act - allowing investors to apply new pressures on the 18-member single currency. The belief that if the ECB and BoJ happen to adjust their monetary policies this would ... (full story)