🏦📊Fed-ECB Policy Spread Now Negative: Cable FX Macro

**As seen in Online Tools > IRP, get access now! cablefxm.co.uk

• The latest jobs report and the ECB monetary policy decision translated into a shift in Fed-ECB pricing this week. The market is now expecting around 78bp of Fed easing over the next year, this is pushing the Fed-ECB spread curve to negative 5-meetings out. A negative curve essentially means that the Fed is now seen easing more than the ECB.