020 7898 0500The euro had a mixed day as conflicting messages were relayed from European Central Bank members. ECB governing council member and Latvian central bank governor, Ilmārs Rimšēvičs stated that the ECB’s QE programme will continue for a few more years.
However, a news story in the Wall Street Journal reported that the ECB could start to wind down QE as early as its 7 September meeting, according to an unmade source.
Overall, the euro has performed well this week, largely due to the uncertainty surrounding the UK and US. The Donald Trump and Russia saga shows no signs of abating. While the turmoil in the UK and US continues, the euro should maintain its recent consistency.
