Will Draghi Drop Hints About a QE Exit?

The European single currency slipped modestly overnight and was quoted at 115.10 in early London dealing amid speculation that Draghi may take this final opportunity of the summer to signal the start a gradual withdraw from the Bank's quantitative easing program later this year.

However, given the changing nature of policy expectations from the U.S. Federal Reserve and the fact that Eurozone inflation data is likely to remain well below the ECB's 'just below 2%' for most of this year, others have bet that Draghi may prefer to wait until the autumn before guiding markets to a change in strategy.

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