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Fresh Bid Comes In As Lagarde Points to Lack Of Ground To Cover At Present

EGBS

A fresh bid in EGBs as ECB President Lagarde states: “Do we have more ground to cover? At this point in time I would not say so. The assessment of data will tell us whether and how much ground we have to cover in September and at subsequent meetings. It may vary from one month to another.” Bulls look to the wording re: the lack of ground to cover, while discounting the more caveated/data-dependent language at the back end of the comment.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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