Main focus will be the digestion of the Scottish referendum. The ‘No’ vote means wewill see some relief in the markets.
Moody’s has France and the UK up for review. There has been speculation about apossible downgrade of France but we expect the rating to be on hold.
Otherwise there will be some focus on the repayment of the ECB LTRO, as somebanks may simply be rolling money from the LTRO into the TLTRO (see more underFixed income on next page).
In terms of key figures there is nothing of importance today. Maybe Canadian CPIwill attract a little attention. CPI inflation is a bit on the high side in Canada, justabove the 2% target, while core inflation at 1.7% is just below the target.
Read the full report: FX Daily