ECB: Recent positive market developments not fully backed by economic data 0 (0)

ECB releases the account of its July 2020 monetary policy meeting
– Financial market conditions had continued to normalise
– They remain tight and more fragile than before the pandemic
There isn’t anything new with regards to the ECB’s policy stance and their take on recent economic developments. They are very much in wait-and-see mode right now but

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Cable creeps back a little higher above 1.3100 as buyers wrestle back some near-term control 0 (0)

GBP/USD pushes to session highs for the day, price action now in a battle between the key hourly moving averages
Near-term support at around 1.3067-74 held earlier today and that is helping to see buyers try to wrestle back some control in a push back above 1.3100 on the session.

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