ECB's Supervisory Board head Nouy with scheduled speech 1 Mar

  • Greek banks still a bit weak
  • it will take time and determination to make a full recovery
  • capital shortfalls need to be covered
  • NPLs remain biggest problem

Lest we forget amid the Brexit hyperbole that Greece still has a few issues of its own.

Meanwhile EURUSD 1.2189 still near session lows but with option-related support. EURGBP 0.8867, still underpinned at 0.8850. EURJPY 130.15 and remaining on the backfoot.