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ECB: QE or not to QE…yet? - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank explained that overall, we believe QE is, again, a step closer. But still unlikely before year-end.

Key Quotes:

“We don’t believe that today’s statement implies that even the staunchest opponents of government bond purchases in the Council have thrown in the towel”.

“As such, we would still expect a lively and fundamental discussion in the coming months. But the discussion will ultimately be determined by the facts and the figures (such as evidence of TLTRO take up in the December operation)”.

“In that sense, perhaps, Draghi wanted to signal today that a lack of consensus about QE will not be the major stumbling block”.

AUD build up into todays events in EZ / US - BTMU

Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ noted the events overnight effecting the AUD as a set up to todays activity around the ECB developments.
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GBP/USD slides further to fresh 1-year lows

GBP/USD dropped further and reached a fresh 1-year low at 1.5833 and it was trading near the lows, still holding bearsih moment.
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