Odds of a 50 BP cut by the ECB next week have dwindled to just 16% after euro zone inflation blipped up to 3% in September.
The market continues to fully price in a 25 bp cut.
Next week we will truly find out if the ECB has only one needle in its compass…
EUR/USD is edging back above 1.3500 amid reports out of London of BIS buying below 1.3475.
