ECB leaves rates unchanged – Main rate 0.25% Refi rate 0.0%

• Marginal lending facility unch 0.75%

No action so it’s going to be down to Draghi’s silver tongue. Let’s see what the Euro wants to do ahead of the presser. We’ve pushed through 1.3950 to 1.3960, just shy of the March high.

ECB interest rate 08 05 2014