What Happened With The GBP Since Article 50 Last Week
“From today’s standpoint, I do not see cause to deviate from the indications we have been consistently providing.”
“We have not yet seen sufficient evidence to materially alter our assessment of the inflation outlook – which remains conditional on a very substantial degree of monetary accommodation. Hence a reassessment of the current monetary policy stance is not warranted at this stage.”
These are some of the comments from European Central Bank’s Draghi during this morning’s Monetary Policy Meeting. The Euro nosedived then recovered to trade flat. Commodities rallied but broadly within the positive territory. Indices all mostly edged up by the close of London Session Thursday.