ECB's Coeure out on the wires 23 Aug 2016 speaking in Geneva

  • economic growth picking up but not as fast as we'd like.

He's not alone on that one then.

  • ECB may have to do more if fiscal and structural reforms are inadequate

Not alone on that one either but just how far can CBs go ? Rock and hard place surely.

Meanwhile ECB's Lane at the same event says:

  • deleveraging process behind where it is in US

Euro picks up a little bid but EURGBP still struggling to hold any gains back over 0.8600 and that's giving GBPUSD a bid around 1.3180 again after failing above 1.3200.

ECB's Coeure - More stimulus brings more problems