EURUSD little changed after ECB's Lagarde and Stournaras comments

Today's speech from ECB President Lagarde and remarks from Stournaras failed to trigger major moves on the markets. Lagarde said inflation is expected to remain excessively high for an extended period of time. The future ECB moves are to depend on data. ECB forecasts are made more uncertain by market tensions. Wage pressures have strengthened on the back of robust labor markets. Without the tensions, policymakers would have indicated that additional hikes were required. ECB members are very confident that capital and liquidity positions of the euro area banks are well in excess of requirements.

ECB's Stournaras told CNBC that the European banking system is well-equipped with capital. When it comes to interest rates, ECB will no longer provide forward guidance and instead, meetings will be data-dependent from now on.

EURUSD saw very little reaction to these remarks. The most popular currency pair continues to trade above 1.0700 level, however only a decisive break above 1.0765 would be a hint that main sentiment shifts towards bullish.

EURUSD, D1 interval. Source: xStation5

31 October 2025, 10:01 AM

BREAKING: Eurozone Preliminary CPI in line with expectations

31 October 2025, 7:50 AM

BREAKING: France inflation shows mixed results. EUR/USD shows no significant reaction.

31 October 2025, 7:32 AM

Economic calendar: Macroeconomics and Fed Officials’ Speeches in Focus (31.10.2025)

30 October 2025, 7:08 PM

Daily Summary: ECB, FOMC and MAG7 - mixed signals and risk aversion

forex

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

EURUSD little changed after ECB's Lagarde and Stournaras comments

Join over 1 700 000 XTB Group Clients from around the world