The European Central Bank’s next policy ‘decision’ will be made on Thursday, but the focus will undoubtedly be on President Mario Draghi’s press conference. The ECB is widely expected to announce no new changes to its policy. But Mr Draghi may deliver a cautionary outlook on the economy and therefore interest rates amid the recent weakness in German and Chinese data, and ongoing Brexit uncertainty. The euro’s recent weakness certainly suggests market participants are indeed expecting to see a more dovish than hawkish Mario Draghi. Therefore, with the expected dovishness at least partially priced in, the euro may not ... (full story)