Comments by ECB speakers reinforces that notion ahead of the 14 June meeting
While the comments aren't entirely anything new, it's more of the fact that it is coming all at one go and there is a consistent element to it. The ECB appears to be confident that inflation is moving upwards towards its target, and that will likely be the message in next week's meeting too.
That only adds further fuel to the fire that was started overnight following a report by Bloomberg that the June meeting will be a "live" one in deciding whether the central bank will announce an end to QE.
And the consistent comments by Praet, Hansson, and Weidmann so far have only helped to give more credence that the ECB will be more upbeat in its message and most likely with its projections as well - and if there's ever a time to announce an end to QE, best do it at at time when you're confident and positive.
The other message that is being sent right now is that the ECB isn't too overly concerned by the soft patch we have seen in the economy to start the year, and also by political developments in the region as well as the global trade rhetoric.
That said, this will build up a hawkish expectation ahead of the meeting next week and the euro is likely to stay bid ahead of that.
