Reuters sources story
It’s all about the ECB today.
No further details than that at the moment but with the meeting next week, we’re starting to get some chatter. Yesterday, ECB’s Ardo Hansson came out with some very strong hawkish comments.
Update: ECB sources say there’s unlikely to be any fundamental changes to guidance, which would come later and with the March meeting.
This shouldn’t be surprising to anyone but the euro has dropped to 1.2207 from around 1.2240.