Euro hits pause ahead of ECB meeting

Euro held its rally against the US dollar during the trading sessions today, after the market digested the UK's parliament rejection of the latest Brexit agreement, as focus turned to the ECB meeting scheduled for tomorrow.

The European Central Bank will launch its monthly meeting on Thursday, which includes discussions about the monetary policy and economic growth for the European Union.

While the ECB is likely leave the interest rates unchanged at zero, and will also be followed by the last press conference from the bank's outgoing President Mario Draghi, before leaving office at the end of this month.

The market absorbed the British House of Commons vote against the prime minister Boris Johnson proposed Brexit deal yesterday.

While speculations indicates that the prime minister might call for early general elections before the end of this year, or to request another Brexit deadline extension from the EU by 3 months until January 2020.

EUR/USD held at 1.1121 as of 17:40 GMT, with an intraday high of 1.1134 and a low of 1.1107.