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Markets play the waiting game ahead of ECB meeting

“Sterling is still the lead gainer on the day after the beat in the retail sales data but has fallen a little with cable now trading at 1.3428 after failing to hold a break above the resistance level at 1.3441 highlighted here The dollar meanwhile has been on the back foot since the start of the session and has only lost further ground – albeit a little – as the session progressed” reports The euro is still holding up well and steady ahead of the ECB later, and should continue that way until the rate decision and statement is released. It’s all about the ECB now followed by US retail sales later – but expect a bit of a snooze fest thereafter with attention turning towards the World Cup opening ceremony and the kick off between Russia and Saudi Arabia to start the tournament.

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