The European Central Bank (ECB) is putting together a contingency plan that would allow it to carry out the Public Sector Purchase Programme (PEPP) bond-buying scheme without Bundesbank, Reuters reported, citing four sources. “The ECB is seen buying German bonds even if Bundesbank is forced to quit the PSPP,” sources told Reuters. “The ECB would likely launch an infringement procedure against Bundesbank if it stops buying bonds under PSPP.” Market reaction With the initial market reaction, the EUR/USD pair edged higher and was last seen trading at 1.0978, adding 0.72% on a daily basis. 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 Nasdaq 100: Above 9515 can open the door to a challenge on the 9737 record high – Credit Suisse FX Street 3 years The European Central Bank (ECB) is putting together a contingency plan that would allow it to carry out the Public Sector Purchase Programme (PEPP) bond-buying scheme without Bundesbank, Reuters reported, citing four sources. "The ECB is seen buying German bonds even if Bundesbank is forced to quit the PSPP," sources told Reuters. "The ECB would likely launch an infringement procedure against Bundesbank if it stops buying bonds under PSPP." Market reaction With the initial market reaction, the EUR/USD pair edged higher and was last seen trading at 1.0978, adding 0.72% on a daily basis. 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.
