- The Fed is done with speaking appearances for the year, so thin trading conditions should settle in once we get past Thursday’s economic data.
- The European central bank is poised to end new purchases under PEPP in March at which point the APP will be doubled before being pared back to €20 billion again in the fourth quarter.
- The Bank of England has started the tightening cycle with a 15 basis point rate hike, the smallest since the late ’80s. Three more rate hikes are now priced in for next year.
- The CBRT is making a mockery of monetary policy and the lira is continuing to get pummeled as a result, with USDTRY rising over 17 for the first time ever, a little over a month after it hit 10 for the first time.
For further details see:
Week Ahead - The Festive Season Is Upon Us