According to a draft document from German chancellor Merkel's CSU allies
- Says that ECB should ends its bond-buying programme as soon as possible
- New ECB president must provide clear signal of monetary policy stability
It's quite perplexing that they're sending these messages yet they're reportedly willing to abandon the pursuit to put Weidmann at the top of the central bank. Either way, it's tough for Weidmann to change things on his own - and he doesn't have a good track record within the ECB anyway - so I guess they're taking some other approach to apply pressure on the central bank.
The euro continues to push higher on the session now up to 1.1590 with EUR/GBP rising as well to 0.9035.
