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FX Focus - 26 October 2023

ECB delivers an as-expected policy announcement

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ECB delivers an as-expected policy announcement

  • ECB keeps the key deposit rate at 4.00% and repeats key guidance.
  • The ECB does not discuss balance sheet policy changes.
  • The BTP market relief helping EUR at the margin but this meeting will have little impact in FX with USD developments firmly in the driving seat.
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