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ECB’s de Guindoa: We will continue in the same direction as in the past few months

European Central Bank (ECB) Vice President Luis de Guindos said on Monday, “in the near term, we will continue in the same direction as in the past few months.”

Further comments

Our confidence that inflation will converge to the target in 2025 is reflected in our monetary policy.

When there is a trade war, exchange rates become more volatile, so traditional protectionism would be very negative.

 

Pound Sterling moves higher ahead of flash UK-US PMI data

The Pound Sterling (GBP) gains to near 1.2645 against the US Dollar (USD) in Monday’s London session.
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AUD/USD clings to gains near 0.6370 amid a softer USD not out of the woods yet

The AUD/USD pair sticks to its mildly positive bias through the first half of the European session on Monday, albeit it lacks any follow-through buying.
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