A plea was made for patience to allow the measures taken in September to work through the economy, supporting a wait and see posture at the current juncture, the accounts of the European Central Bank’s (ECB) October policy meeting showed on Thursday. The shared currency’s reaction to the ECB statement has been muted so far with the EUR/USD pair extending its sideways grind below the 1.11 handle. Key takeaways “Strong call for unity of the Governing Council was made at the October 23-24 policy meeting.” “Frank discussions are necessary but it’s important to form a consensus, unite behind the inflation aim.” “Economic data raised the question as to whether weakness would continue for longer than anticipated in September.” “Wide agreement that more info is needed to reassess inflation outlook, the impact of ECB measures.” “Measures should be allowed more time to unfold; confident they will support inflation.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Volatility should remain elevated amid trade uncertainty – TDS FX Street 3 years A plea was made for patience to allow the measures taken in September to work through the economy, supporting a wait and see posture at the current juncture, the accounts of the European Central Bank's (ECB) October policy meeting showed on Thursday. The shared currency's reaction to the ECB statement has been muted so far with the EUR/USD pair extending its sideways grind below the 1.11 handle. Key takeaways "Strong call for unity of the Governing Council was made at the October 23-24 policy meeting." "Frank discussions are necessary but it's important to form a consensus, unite behind the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
