In its weekly FX picks to clients, Barclays Capital recommends staying short EUR/USD and EUR/GBP which are the 2 positions that Barclays holds since mid-August. "The marquee central bank meeting will be the ECB’s on Thursday, given President Draghi’s market-moving speech at the Jackson Hole Symposium two weeks ago. The likelihood that the ECB ultimately will undertake QE unmistakably has risen, but markets will look to this week’s press conference to provide clues on how much more likely, when and what thresholds might precipitate additional ECB accommodation. It is too early for the ECB to announce new policy ... (full story)