Lagarde speech: Will consider anti-fragmentation tool at July meeting

Europen Central Bank (ECB) President Christine Lagarde, FOMC Chairman Jerome Powell and Bank of England (BOE) Governor Andrew Bailey speak on the policy outlook at the ECB's annual Forum on Central Banking.

Key quotes

Lagarde: "Fragmentation is a threat inherent in the eurozone structure."

Lagarde: "Will consider anti-fragmentation tool at July policy meeting."

Powell: "There's certainly a threat of de-globalization."

Powell: "The Fed’s revised policy framework is based on old environment."

Market reaction

The EUR/USD pair continues to edge lower and was last seen losing 0.35% on the day at 1.0482.