Capital.com senior market analyst Daniela Hathorn said markets broadly expect
the ECB to raise rates at tonight's meeting; the key focus will be how President
Lagarde characterizes the move — as a one‑off or the start of a broader
tightening cycle. If the ECB stops short of ruling out further hikes, the euro
could receive support, particularly versus currencies whose central banks are
more dovish; if markets view additional tightening as likely to worsen already
fragile euro‑area growth, euro upside may be limited.
