ECB's Coeure out on the wires 5 July
That explains the EUR drop as per my previous post.
- discussion may come but hasn't happened yet
- steepening at long end of curve reflects views that growth will be solid
- market volatility over past week not significant
Algos qrabbing the headline and triggering a few EURUSD stops down to 1.1318 but in essence it's nothing we don't already know hence the bounce back to 1.1340
EURGBP still languishing around 0.8780 support lines though and keeping a bid under GBPUSD
EURUSD 15m
