The ECB Vice President Luis de Guindos, during a scheduled speech in Madrid, said this Monday that the incoming Euro-area data have continued to be weak and the economy has grown below expectations. Moderation in the pace of the Euro-area economic expansion will likely extend into the current year, de Guindos added further. Additional quotes: “¢ The effects of the idiosyncratic factors currently weighing on economic growth are expected to unwind, albeit at a slower pace than initially foreseen. “¢ Supportive factors continue to be in place that will lift inflation above this year’s muted level in the more medium-term. “¢ Expect labour costs to trickle through to wages, prices. “¢ ECB’s new measures will add to the accommodative stance. 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 Bitcoin Technical Analysis: BTC/USD must breakdown $4000 supply for greater upside momentum FX Street 4 years The ECB Vice President Luis de Guindos, during a scheduled speech in Madrid, said this Monday that the incoming Euro-area data have continued to be weak and the economy has grown below expectations. Moderation in the pace of the Euro-area economic expansion will likely extend into the current year, de Guindos added further. Additional quotes: "¢ The effects of the idiosyncratic factors currently weighing on economic growth are expected to unwind, albeit at a slower pace than initially foreseen. "¢ Supportive factors continue to be in place that will lift inflation above this year's muted level… 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.
