Hard to believe the euro would rally on the back of a no-change decision from the ECB. The market has been almost entirely focused on bond-buying with few looking for a cut in official rates at this meeting.
In fact, amid all of yesterday’s ECB leaks, it was revealed a rate cut was not even on today’s agenda…
Anywhooo, Draghi takes to the mic in about 30 minutes.
EUR/USD is consolidating gains below session high of 1.2652.
