The European Central Bank’s (ECB) Governing Council noted that the calmness of financial markets was considered to rest on the expected continuation of the supportive policy measures, the accounts of the ECB’s July meeting showed on Thursday. Key takeaways as summarized by Reuters “The argument was also made that the flexibility of the PEPP suggested that the net purchase envelope should be considered a ceiling rather than a target.” “The point was made that incoming data had surprised on the upside and some of the downside risks surrounding the outlook had receded.” “Under the baseline scenario, the current presumption was that the PEPP envelope would have to be used in full.” “With regard to the PEPP, the flexibility of the programme was highlighted.” “It was also cautioned that the recent positive market developments were not fully backed by economic data.” Market reaction The EUR/USD pair edged slightly higher and was last seen gaining 0.08% on a daily basis at 1.1845. 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 Gold Price Analysis: XAU/USD eases from tops, up little below $1940 level FX Street 2 years The European Central Bank's (ECB) Governing Council noted that the calmness of financial markets was considered to rest on the expected continuation of the supportive policy measures, the accounts of the ECB's July meeting showed on Thursday. Key takeaways as summarized by Reuters "The argument was also made that the flexibility of the PEPP suggested that the net purchase envelope should be considered a ceiling rather than a target." "The point was made that incoming data had surprised on the upside and some of the downside risks surrounding the outlook had receded." "Under the baseline scenario, the current presumption was that… 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.
