ECB's Villeroy: We must maintain full optionality to act as necessary
Source Fxstreet
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that the ECB is in a good position following Thursday's decision but added that this position is not a fixed one.
"In view of various risks, including from the financial markets, we must maintain full optionality to act as necessary," he added and said agile pragmatisim based on data and forecasts will be required at their next meetings, more than ever.
Market reaction
EUR/USD showed no immediate reaction to these comments, which received a neutral tone of 5.0 from FXStreet ECB speech tracker, and was last seen trading marginally lower on the day, at around 1.1560.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Euro zone inflation slowed a touch in October and continued to hover near the European Central Bank's 2% target, confirming the bank's message that the economy remains on the relatively benign path it projected earlier.
The Euro appreciates for the fourth consecutive day against a weaker Pound, with price action showing consolidation around the 0.8800 area on Friday's early European session, on track for a 0.8% weekly rally.
Amazon shares jumped nearly 12% in premarket trade on Friday after strong growth at its cloud unit and a bullish sales outlook eased fears that the tech giant was falling behind rivals in the AI race.
Here is what you need to know on Friday, October 31:
GBP/USD inches higher after three days of losses, trading around 1.3160 during the Asian hours on Friday.
Related Instrument
