Morning FX Market Commentary

Sterling remains well bid
The euro profited only modestly from Draghi’s comments that nothing new has been decided about the deposit rate. Rumours on a negative deposit rate had hit the euro the day before. EUR/GBP ended even lower. Sterling is not only well bid against the euro, as cable gained substantially and approaches recent highs. EUR/JPY sets new high and might now eye 140.

Read the full report: FX Daily

 

KBC