ECB sources:ECB policy members are united on forecasting rate cuts later than the market

<p>Bloomberg is reporting that ECB sources are saying that the policy members are largely united on forecasting rate cuts later than the market thinks.</p><p>The markets are projecting around 145 bps of easing in 2024 and a 52% probability of a cut in March. </p><p>Today ECB Pres. Lagarde said that the central bank did not discuss cutting rates at all at their meeting today.</p><p>The comments have helped to push the EURUSD above the 1.1000 natural resistance level. The November high at 1.1016 is the next target. The trend to the upside continues. </p>

This article was written by Greg Michalowski at www.forexlive.com.