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Fed’s delay is an opportunity for the ECB to do more – BNP Paribas

Research Team at BNP Paribas, note that the US Fed is ready to wait before deciding for the first hike, but the question is how long and the more expectations of a Fed hike are postponed the greater is the pressure on the ECB to increase QE.
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GBP/USD supported by 50-DMA

The bid tone on the GBP improved slightly in Asia after the GBP/USD pair managed to move back above its 50-DMA located at 1.5522 levels.
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