Exclusive Reuters article hitting the wires
- many members of governing council said to be sceptical about need for further policy action in near-term
- policy makers suggest more time is needed
- monitor whether current actions are working or not
Explains the EUR support/surge
EURUSD now at 1.0903 EURGBP 0.7566 EURJPY 128.43
AUDUSD pushed back down to 0.6940 as EURAUD buyers prevail
EUR shorts running for cover but rally sellers expected still.
No great surprise to me tbh that the ECB was going to run out of room/desire to ease further as I highlighted in my bullish EURGBP 2016 forecast. I hope you all downloaded our collected thoughts for the year ahead. If not why not ???!!
Update 08.58 GMT
EURUSD triggers stops through 1.0910 to post 1.0918 27 in a rush
EURGBP offers at 0.7575 history. Now 0.7582 EURJPY takes out 128.55 offers/res to post 128.60
