ECB: Debate on next rate move in May is converging on a 25 bps hike – Reuters

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Though the debate is not over, with one small group still making case for a 50 bps hike in May; another small group advocating no change.

The baseline in the ECB's March economic projections is seen as largely intact.

GBP/JPY consolidates its recent gains to YTD peak, holds steady below mid-166.00s

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USD/CHF slips below mid-0.8900s, lowest since June 2021 amid softer USD/recession fears

The USD/CHF pair remains under some selling pressure for the third successive day on Thursday and drops to its lowest level since June 2021 during the
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