Mario Draghi wants to prod up inflation

Source: Bloomberg
The difficult economic context of the Euro zone and weak confidence in its ability to weather the current headwinds have been pushing down the inflation expectations towards the levels referred to by Mario Draghi as 'excessively low'. According to the ECB's President speech at the 24th European Banking Congress held in Frankfurt, the monetary authority does not rule out buying sovereign debt as a measure to lead the bloc away from deflation. As a result, the Euro fell against all of its major counterparts, giving up 0.92% against the US Dollar and 0.66% against the Japanese Yen.
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Fri, 21 Nov 2014 14:28:04 GMT

Franc weakens versus US Dollar amid Draghi's speech

The Swiss Franc followed the footsteps of the Euro and depreciated 0.76% against the US Dollar, reaching the level of 0.9656, the lowest point since July 2013. Mario Draghi sounded more decisive today during his speech regarding the expansion the scope of the currently running asset purchasing programme, driving the single European currency lower.

Thu, 20 Nov 2014 13:46:03 GMT

UK retail sales inch up

Retail sales in the United Kingdom grew at a faster pace in October than expected. After an adjusted 0.4% contraction in September the volume of sales went up 0.8% against the consensus of a more timid 0.3% increase. So far the Sterling has appreciated against all its seven major counterparts: 0.28% against the Euro and 0.31% versus the US Dollar.

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