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ECB: QE may be imminent - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman suggested that the main take away many observers drew from Draghi's Jackson Hole speech was that QE may be imminent.

Key Quotes:

"We are less sanguine about, and understand that the effect of the June actions and TLTRO need to be seen first, making an asset purchase program more likely next year than this year."

"Nevertheless, such expectations are having such an impact on nominal yields that real yields are falling. Look at Spain. It is due to release its preliminary August CPI figures on Thursday."

"The harmonized measure is expected to slipped from -0.4% to 0.6%. In the past month, Spain's 10-year yield has fallen 34 bp."

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