Will the EUR/USD continue to hold 1.10 after the ECB cuts rates?

There can be little doubt that a move by the ECB to cut rates shortly today is priced into the markets. No one will be especially surprised if the ECB does as expected, but at the same time heads will turn if they do not. The expectations for the ECB rate changes were outlined here earlier this morning, so they will not be repeated again here. An update will follow as soon as possible after the outcome hits the screens and how that impacts the Euro, not just versus the dollar, but also versus the Pound and the Yen. The EUR/USD has not changed much at all so far today and the range remains covered by 1.1006 and 1.1024. It is pretty much in the middle of that range right now as the ECB decision looms in less than 30 minutes, at 12.15pm GMT. The question is will the ECB surprise and deliver a deeper than forecast cut? Well, that would seem unlikely to be honest and perhaps the greater surprise for the markets would come from the other direction.  Much could also depend on the ECB projections going forward and then what might emerge from the 12.45pm post decision press conference. We should also remember, that in between times the US PPI report will be released. That could throw a spanner in the words for the dollar. All to be revealed shortly. The EUR/USD is currently trading at 1.1015