On Thursday, however, attention shifted away from geopolitics and toward monetary policy, with forecasters split on whether ECB President Mario Draghi will announce further measures — even quantitative easing — to stimulate Europe's sluggish economic recovery, or delay any action to assess the full impact of measures announced in June. "We don't expect the ECB to announce a broad-based asset purchase program at today's meeting," currency strategists at BNP Paribas write in a note.
Back in equity markets, Standard Life PLC was the biggest gainer of the day on the pan-European index, with shares surging more than 9 per cent following news that Canada's Manulife Financial Corp. , the country's biggest life insurer, has agreed to acquire the Canadian operations of the U. K. firm for about 4 billion Canadian dollars ($US3. 67 billion).
The Bank of England, meanwhile, is also seen leaving key interest rates on hold at 0. 5 per cent even though two policy makers pushed for an immediate rise to 0. 75 per cent in August, minutes last month showed.
Read more here: Business Spectator