Headlines Dec 16

​The US urges the EU to ready Russia sanctions hitting energy and banks.
Biden signs debt ceiling increase bill into law.
ECB's President Lagarde: It is very unlikely the ECB will raise rates in 2022.

The ECB believes that progress toward its medium-term inflation target and economic recovery allows it to gradually reduce the pace of its asset purchases in the coming quarters. (Euro strengthened)
BoE rate rises are expected to be about 15 basis points in February, and up to 88 basis points in full-year 2022, according to money markets.
BoE Bank Rate Actual 0.25% (Forecast 0.1%, Previous 0.10%) Sterling strengthened, FTSE 100 weakened