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Too early to talk about expanding QE – ECB’s Lautenschlaeger

FXStreet (Mumbai) - The European Central Bank (ECB) executive board member Sabine Lautenschlaeger said it is too early to talk about expanding the bank’s QE program.

Lautenschlaeger added that the ECB basic scenario is still intact and the bank must look through current volatility. Earlier today, she was on the wires stating that Some euro zone banks don't comply with governance standards.

"Our initial findings indicate that a number of banks, while meeting national requirements, do not comply with international best practices with regard to governance," Sabine Lautenschlaeger, who represents the ECB's supervisory arm on the bank's board, said in remarks for a speech to be delivered in Milan.

EUR/USD stuck within the range, around 1.1200

The upbeat momentum in the single currency has run out of steam in the 1.1215 area overnight, with EUR/USD now hovering over 1.1190/1.1200...
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Spain – Catalonia elections add to uncertainty - Deutsche Bank

Research Team at Deutsche Bank, note that over the weekend was the Catalonia election where pro-independence parties Junts pel Si and CUP have won the majority of seats in parliament, but have fallen short of the required number of votes for majority which is adding to the uncertainty about its existence in Spain.
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