European markets have opened higher today, before the US Federal Reserve concludes its two-day policy meeting. However, traders also remained focussed on the German IFO survey, Bank of England’s December meeting minutes and the UK monthly unemployment figures due today to gauge the market direction.

Closer home, speculation that the Bank of England (BoE) would maintain its ultra-low interest rates escalated following the Bank of England Governor Mark Carney’s statement before the House of Lords’ Economic Affairs Committee yesterday.

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