News Headline Summary

EUR/HUF extending gains in recent trade which comes ahead of an expected cut from the Hungarian central bank when they announce their monthly interest rate decision tomorrow

Update details:

- Stops also said to have been taken out in the recent accent to session highs at 286.41.
- All surveyed analysts are expecting the central bank to cut rates by 25bps to 5.75% when they announce rates at 1300GMT on Tuesday.

Print 10:59, 17 Dec 2012 - FX Flows - Source: RANsquawk