ECB interest rate announcement now out 20 July
- main refinancing rate 0.0%
- marginal lending facility 0.25%
- deposit facility -0.4%
- asset purchase target EUR 60bln
ECB statement:
- sees rates at present level well past end of QE
- QE running until end of Dec or beyond if needed
- QE to run until inflation path
Next up is the presser at 12.30 GMT
Watch it live here. Adam and Greg will be providing all the analysis here so stay tuned to ForexLive too.
Dovish statement tones but no change in essence see EURUSD dipping to 1.1483, EURGBP down to 0.8875 EURJPY 128.95
Mario still keeping the taps running
