European Central Bank left rates unchanged today. However, the Bank announced new long-term refinancing operations in an attempt to provide the market with additional liquidity. ECB also increased size of monthly bond purchases by €120 billion through the end of 2020. The Bank said it will provide more details later. EURUSD pared daily decline on the release.
EURUSD recovered from today’s drop on ECB announcement. The pair is eyeing a break back above 1.13 handle. Source: xStation5
Market Wrap: Wall Street and Europe lose ground; markets await Trump in Davos🛣️
What next for interest rates in the UK❓ Tobacco and airfare drive up prices in the economy 📈
Economic calendar: Trump’s speech in Davos and Wall Street earnings 🔎
Morning wrap (21.01.2026)