ECB board member Isabel Schnabel spoke on Wednesday, not so dovishly:
More here too:
HSBC’s take is similar, noting Schnabel prefers a gradual approach to interest-rate cuts.
HSBC go on:
- “While we think the ECB will cut by 25bp in December, providing near-term support to the euro, rising unemployment indicators pose a bigger risk for 2025”
**
HSBC forecasts EUR/USD to 0.99 by the end of 2025.
This article was written by Eamonn Sheridan at www.forexlive.com.
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