Lagarde

The ECB must have been excited when it saw its currency rising vs the Pound

Hawkish comments from ECB President Christine Lagarde and weaker PMI data from the UK have helped push EUR/GBP back towards recent highs.

With Christine Lagarde laying the groundwork for upcoming ECB rate hikes, EUR/USD has continued its recent bid higher.

The ECB meeting is likely to affirm that the gap between monetary policy on the two sides of the Atlantic is wider than the ocean itself.

Recent and projected near-term inflation is driven by temporary factors that are expected to ease over the course of 2022

We saw some decent moves in currency markets overnight, and some interesting comments from central bank governors. Up next is Xi vs Biden, then over to RBA Governor Philip Lowe.

Ms. Lagarde's strongest statement was around the PEPP purchases ending in March, making the statement more hawkish than anticipated

The ECB (European Central Bank) is one of the globe’s most prominent central banks. In this article, we’ll highlight its role and the influence it has on the Eurozone economy and financial markets.

Due to the inequality of the cuts, GBP should move lower at a faster pace than the Euro.