Monetary policy meeting the ECB and the Bank of England is the highlights of the week

Review: NBP surprised everyone and lowered interest rates to 50bp USA: Good ADP employment numbers and better-than-expected industrial orders As mentioned in yesterday’s comment, good key performance indicators are USD-positive (especially when they are related to the job market). Yesterday was no exception. An ADP employment of 198T against an expected number of 170T supplemented by good signals in the Beige Book resulted in a strengthened USD. EURUSD broke once again 130 and closed below.

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Monetary policy meeting the ECB and the Bank of England is the highlights of the week

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