ECB members working the wires today to try and prop up Euro
The ECB must have been excited when it saw its currency rising vs the Pound
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
The ECB must have been excited when it saw its currency rising vs the Pound
Hawkish comments from ECB President Christine Lagarde and weaker PMI data from the UK have helped push EUR/GBP back towards recent highs.
With Christine Lagarde laying the groundwork for upcoming ECB rate hikes, EUR/USD has continued its recent bid higher.
The ECB meeting is likely to affirm that the gap between monetary policy on the two sides of the Atlantic is wider than the ocean itself.
Recent and projected near-term inflation is driven by temporary factors that are expected to ease over the course of 2022
We saw some decent moves in currency markets overnight, and some interesting comments from central bank governors. Up next is Xi vs Biden, then over to RBA Governor Philip Lowe.
Ms. Lagarde's strongest statement was around the PEPP purchases ending in March, making the statement more hawkish than anticipated

The ECB (European Central Bank) is one of the globe’s most prominent central banks. In this article, we’ll highlight its role and the influence it has on the Eurozone economy and financial markets.
Accommodative monetary policy stance remains essential
The ECB said it is "fully prepared" to face the pandemic emergency.
Due to the inequality of the cuts, GBP should move lower at a faster pace than the Euro.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.