ZGBR - Hawks in London doves in Frankfurt? BOE and ECB policy meetings on tap

Pressure is growing on the European Central Bank to raise interest rates as eurozone inflation hit a record 5.1% in January, topping estimates by the most in two decades. Until now, the ECB has lagged other central banks in responding to escalating price pressures, and has said it wouldn't increase its key interest rate until it ends its net bond purchases, meaning a "very unlikely" hike in 2022. "I don't think that something happening at the Fed is bound to happen" in Europe," ECB President Christine Lagarde said back in December, though financial markets are now showing a hike of 10 basis points anticipated for September. Forex: Currency traders are meanwhile preparing for an exciting session today with meetings from both the ECB and the Bank of England. Any signs of a hawkishness from Lagarde could see the euro recover lost ground against the pound, though she may be more hesitant

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Hawks in London, doves in Frankfurt? BOE and ECB policy meetings on tap