EUR pairs all feeling the love post-ECB announcement 8 March
EURUSD up to 1.2431, EURGBP 0.8950 EURJPY 131.85 on the ECB slightly changing the tone of its rhetoric and dropping the pledge to increase bond buys.German bond yields rising to 2-week highs as well.
This is the text missing now as per my previous post:
If the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, the Governing Council stands ready to increase the asset purchase programme (APP) in terms of size and/or duration.
Not really any great surprise to see the ECB introduce more hawkish tones given all their rhetoric and it's hardly a rate hike but the timing may have caught a few out and algos love making the most of the smallest story.
Presser at 13.30 GMT is still a risk to the downside so rallies capped for the moment.
Watch Draghi spill the beans here
