ECB cuts interest rates again

• main refinancing rate +0.05% from +0.15%
• marginal lending rate +0.3% from +0.4%
• deposit facility rate -0.2% from -0.1%

Now we wait for the presser at 12.30 GMT

Surprise move for most market participants and forecasters just adding to the general confusion on what’s coming next

EURUSD down to 1.3040 EURGBP 0.7935 EURJPY 137.00