FX & CFD trading involves significant risk
Focus is on ECB President Jean-Claude Trichet's language at the regular press conference at 1230GMT. Futures point to around 97% chance of a 25bps rate hike today after Trichet last month signalled "strong vigilance". Markets expect Trichet to revert to "monitor closely" in the opening statement, but at the same time say risks to price stability still seen to be on the upside.
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