Markets are gearing up for an action-packed trading session, with key policy meetings of the BoE and the ECB due later today. With interest rates expected to be kept on hold by both the central banks, the BoE is likely to announce an additional £50 billion stimulus. The ECB’s post-meeting press conference will also be closely tracked for hints on further liquidity boosting measures likely to be adopted by Mario Draghi.
Turning to Greece, with reports suggesting that an agreement was reached on all but one issue of the proposed austerity plan, markets anticipate a positive outcome on Greek debt talks soon.
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