ECB comments in its financial stability review
- Says no-deal Brexit poses a material downside risk to euro area GDP growth
- Sees signs of mild overvaluation in euro area residential property market
Nothing too notable in the report as the ECB touches more on financial institutions and bank earnings as well as macroprudential measures. The headline comment is just about the only key takeaway ahead of the meeting next week.
EUR/USD sits near the lows for the day at 1.1155 currently as the dollar holds firm amid softer risk sentiment in markets.
