EUR/USD clings to 1.10 as ECB awaits

Yesterday, just as with the GBP/USD, the EUR/USD held onto an important psychological level- the 1.10 handle. That was a prospect that was also highlighted here during the day. The low seen was set at 1.1002. The EUR/USD later closed in the US at 1.1012. It has not strayed too far from that close so far today, as the markets await to see what the ECB will do with monetary policy later on. The consensus on that is for the ECB to lower all their benchmark rates today, but within that we have some variables that will be covered in an update here later this morning, ahead of the ECB decision at 12.15pm GMT. Meantime the EUR/USD is steady above that 1.10 handle, but in truth it has not gone anywhere. Well, if ever there was a day that it might, then it would surely be today. The range seen so far has been covered by 1.1006 to 1.1024. It is currently trading at 1.1020