Flash: Fed to taper stimulus before ECB and BoE - BTMU

FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ believes that the Fed will still exit its exceptionally loose monetary policy stance before the ECB and BoE.

Key Quotes

This will support the US dollar relative to the euro and pound in the year ahead, although a Yellen-led Fed would heighten uncertainty surrounding that view.”

“As a result US dollar strength against the euro and pound may prove even more modest than expected in the
year ahead. The main economic data release in Europe today will be the UK CPI report. “