Forex Flash: Carney, Spanish bonds, ECB Press conference will be focus - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the ECB and MPC meet today, but he suspects that policy changes are not the main focus.

Further, he notes that in Europe, a rate change is very unlikely but before then, there will be a Spanish debt action of medium to long term paper that he feels will provide a litmus test of underlying demand following a 50bp back up in yields.