Latvian CB head and ECB governing council member out across the wires

  • agrees with Draghi that inflation could reach target in 2020

On domestic issues:

  • Latvia should avoid expansionary fiscal policy
  • Latvia should balance budget

Meanwhile EURUSD still 1.2063 but EURGBP falls again to 0.9128 as GBPUSD posts 5-week highs of 1.3218.

EURGBP support/demand at 0.9220 and larger into 0.9200 should help stem further falls for the moment with GBPUSD sellers poised between 1.3220-50.