Premium Intermarket Insights Ahead of BoE, ECB Decisions

Thursday's Bank of England announcement (7:00 EST, 12:00 GMT) is widely expected to kick off QE3 with an additional 50 bln in asset purchases, bringing the total to 325 bln. Market consensus had been reduced from the original 75 bln following improved UK data (10-month highs in services PMI, 7-month highs in services PMI). The decline in 10 yr gilts from 2.60% ( at the start of QE2) to the current 2.20% as well as the 22% rise in the FTSE-100 since early Oct has also helped alleviate stress in the markets. We have a new set of Premium trades, including 2 on EURGBP. For direct access, click here: http://ashraflaidi.com/products/sub01/access/?a=602