ESM's Regling says discussions have begun for a Eurozone fund that could tackle asymmetric shocks

European Stability Mechanism head Regling out with a few comments 13 Sept

"Discussions have begun for a kind of EZ rainy day fund that could tackle asymmetric shocks"

• in longer run EZ could also develop a European safe asset but that requires some debt mutualisation

EURUSD steady at 1.1973 as is EURGBP at 0.9024

I need to head away now so I'll wish you good trading.

Adam will be along shortly.

See you all back here tomorrow for the BOE fun n games.

ESM's Regling looking to start a rainy day fund