Bank of Greece in an emailed statement

  • effective until 22 Oct

The Emergency Liquidity Assistance being reduced suggests that Greece has less need but it's a minimal cut and should have little Impact

Elsewhere the EU court rules that Italian investor claims against ECB over Greek debt restructuring not admissible

Euro still on the back foot with EURUSD testing bids/support around 1.1225 and EURGBP around 0.7350

Update 07.46 GMT:

Bank of Greece confirms the lowering of ceiling reflects improvement in liquidity condition of Greek banks, receding uncertainty, stabilization of deposit flows