Bundesbank head and governing council's Weidmann in scheduled speech 10 June 2016

  • asset managers may become increasingly nervous the longer momn pol tries to maintain low interest rates

No shock in that one from Weidmann/Germany. but it does highlight again the precarious state of the financial system which Adam also highlighted here

  • particularly urgent to regulate exposure to sov debt
  • long way to go on Eurozone fiscal policy
  • banks should not hold bail in debt of other institutions
  • effectiveness of ECB policy depends on market conditions

Meanwhile EURGBP back testing 0.7850 offers/res as GBP gets slapped again