Thursday preview: ECB, BoE, Morrisons, Whitbread

Central bank decisions will be in focus on Thursday with the announcement by the European Central Bank (ECB) more eagerly anticipated than the outcome of the Bank of England's Monetary Policy Committee (MPC) meeting.

Central bank decisions will be in focus on Thursday with the announcement by the European Central Bank (ECB) more eagerly anticipated than the outcome of the Bank of England's Monetary Policy Committee (MPC) meeting.

"We regard it as very unlikely that the ECB will announce a yield cap or a very detailed strategy for bond buying. After the recent improvement in market sentiment, we thus see the risk of some investors being disappointed, potentially triggering a bit of risk-off," said Luca Cazzulani of UniCredit at the end of last week.

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