Market Overview

EURUSD fell to 1.1110 after the ECB rate decision

The ECB kept the rates unchanged but tasked Eurosystem Committees to explore opportunities to reinforce its forward guidance on policy rates, a tiered system for reserve remuneration, and options for the size and composition of potential new net asset purchases.

FxPro Comment: EURUSD fell to 1.1110, as the measures look quite bold. As for the forward guidance, it probably means the possibility of publishing forecasts of changes in rates for the near future, as the Fed does.

We are waiting for clarification from the ECB President during the press conference at 12:30 GMT.

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