Back

Lagarde speech: Inflation numbers are relatively reassuring

In an exclusive interview with Bloomberg TV's Francine Lacqua on Tuesday, European Central Bank (ECB) President Christine Lagarde noted that inflation numbers in the Eurozone are "relatively reassuring" but added that they can't jump to a conclusion that it's a done deal.

Lagarde further said that she hopes that inflation will be back at their target sooner than projected, reiterating that they are confident that they will get to their target in 2025.

Market reaction

These comments failed to trigger an immediate market reaction. At the time of press, the EUR/USD was trading marginally lower on the day, a few pips above 1.0800. 

Silver Price Forecast: XAG/USD rallies amid uncertainty over economic and geopolitical outlook

Silver price (XAG/USD) surges to near $34.50 in Tuesday’s North American session, the highest level seen in over 12 years.
Read more Previous

The Pound Sterling looks oversold – Scotiabank

UK data showed government borrowing a shade lower than expectations in September (GBP16.6bn) but cumulative borrowing over the fiscal half year was above forecasts which may limit the Labour government’s room for manoeuver in next week’s budget, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Read more Next