ECB's Lagarde: Short-term uncertainties are mainly related to global risks

ECB president, Christine Lagarde, speaks in Paris

Lagarde
  • Risks include trade, geopolitical and now the coronavirus outbreak
  • Forward guidance on rates and asset purchases act as an effective automatic stabiliser
  • Climate change will be a key part of our ongoing strategy review

She's not really saying a whole lot with the remarks above. The full text of her speech can be found here. The euro continues to sit weaker on the day as the drop back under the key hourly moving averages brings back some focus towards the 1.0990-00 levels:

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