BREAKING: ECB leaves interest rates unchanged

12:49 PM 16 July 2020

European Central Bank announced its latest monetary policy decision at 12:45 pm BST. The Bank left interest rates on the previous levels and refrained from making any changes to asset purchase programmes. Such a decision was expected by the markets and in turn did not trigger a major reaction on the European markets.

Elevated volatility may surface at 1:30 pm BST when President Lagarde starts her presser. Apart from that, US retail sales for June and jobless claims data will be released at the same time therefore EURUSD could see some more abrupt moves.

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EURUSD seesawed in a narrow range around ECB decision announcement. Source: xStation5

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