BOF governor and ECB governing council member Villeroy speaking 19 July
- still need accommodative mon pol but are adapting its intensity depending on economic situation and inflation
- EZ economic situation improving
- Brexit presents opportunity for EZ
Villeroy being about as accurate/specific as any other CB talking head right now. i.e minimal
Meanwhile EURUSD dipping again to 1.1526 but EURGBP up to 0.8856 as GBPUSD continues its retreat to 1.3010 after I highlighted the 1.3050-500 offers/res. Ranging still. My work is done!
GBPUSD 5m