More needs to be done – ECB’s M.Draghi

At his speech at the Brussels Economic Forum today, ECB's President Mario Draghi has reiterated the need to advance in structural reforms in the euro region, while he also added that other policies must be aligned with monetary policy.

Regarding inflation, Draghi stressed the central bank will not allow consumer prices to remain below target for longer than is avoidable.

 

Technical snapshot in EMEA FX space – BBH

Analysts at BBH gave a technical picture of the EMEA space. Key Quotes “EUR/HUF has retraced three quarters of the May rise.  A break below the Apri
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GBP/USD fades a spike to 1.4527, prints fresh session low

As the European session got underway, the GBP/USD pair witnessed a sudden up-surge to 1.4527 before fading back to currently trade back around 1.4500
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