ECB sources report: Choice to chop rates of interest was unanimous

Reuters is out with an ECB sources report already, noting that the choice to chop was unanimous. There are some dovish indications within the assertion and now the ECB is racing this out.

The market could have initially reacted to the road that coverage was not restrictive however the textual content additionally mentioned that monetary situations are tightening, so the ECB could also be edging in direction of offsetting that with one other lower, significantly with the expansion outlook worsening.

EUR/USD is down 55 pips on the day.

This text was written by Adam Button at www.ubaidahsan.com.



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