ECB's Villeroy: Recent volatility in the euro is a source of uncertainty

ECB member Villeroy speaking to Bloomberg in Davos

• ECB is monitoring effects of FX shifts on inflation
• There is a promising prospect of German pro-EU grand coalition
• Acceleration of French growth is impressive
• ECB's message is one of confidence and patience
• We still need accommodative monetary policy
• To decide on future path of QE 'in due time'

Mainly similar comments on the euro as Draghi in yesterday's press conference.

EUR/USD still lingering near the highs, now at 1.2454. EUR/GBP slightly lower on the day at 0.8745 as sterling leads the major bloc. EUR/JPY is also higher now at 135.86 as the yen lags a little against the rest of the major currencies.