FTSE 100 Struggles But Pound Edges Higher Amid Growing Concerns About Political Stability In Europe

This is source I found from another site, main source you can find in last paragraph

Welcome to our live markets coverage.

The ECB monetary policy meeting is the pick of the bunch for investors this morning and, while little change is expected in terms of policy, the markets will be looking for any subtle shift in tone from its president Mario Draghi.

There are reports that internally officials have started examining how it will unwind its bond buying programme. A statement is due at 12.45pm following the meeting with a press conference scheduled at 1.30pm.

Ahead the meeting the pound has edged down against the euro and is trading at just above €1.13. It has also fallen to $1.3016 against the dollar, a 0.15pc dip,

With retail sales data due at 9.30am, the retailers on the FTSE 100 will be worth keeping an eye on. This morning, the blue-chip index has opened brightly with equipment rental company Ashtead leading the pack early on. 

On the corporate calendar, Sports Direct has blamed the pound's depreciation for a 59pc fall in underlying pre-tax profits while consumer goods giant Unilever has reported a 3pc rise in underlying sales.

Full-year results: Sports Direct International Interim results: Moneysupermarket.com Group, Nichols, Unilever, Howden Joinery Group

Trading update: Premier Foods, Anglo American, SSE, easyJet

AGM: Ashmore Global Opportunities, Harbourvest Global Private Equity, Royal Mail, Big Yellow Group

Economics:  Retail sales (UK), CBI industrial order expectations (UK), unemployment claims (US), producers price index (GER),

This is source I found from another site, main source you can find in last paragraph

Source : http://www.telegraph.co.uk/business/2017/07/20/pound-dips-against-euro-ahead-key-ecb-meeting/



Pound dives to eight-month low against the euro as dovish Draghi fails to convince markets