Bundesbank executive board member Dombret out with a speech 30 Aug
- the market will decide which banks will survive
- number of banks will continue to decline
- price stability is a high priority for bank supervision authorities
Price stability ? That oft-quoted term to generally express the nominal 2% inflation target
Meanwhile EURUSD 1.1947 scratching its head for ideas as EURGBP dips to test 0.9235 again and lifting cable Again. Decent support down there but with cable also supported below 1.2900 as per the order board.
