Lots of central bank news and top-tier data
The ECB decision at 1145 GMT is still to come but shortly afterwards the focus will shift to North American trade and the latest economic data.

ECB continues to reiterate stands ready to adjust all of its instruments
There are no changes here whatsoever. The euro chopped around 1.1400 on the release but has ticked up to 1.1410 since.

The full ECB statement
At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:
(1)
The interest rate on the main refinancing operations and the interest
rates on the marginal lending facility and the deposit facility will
remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing
Council expects the key ECB

Raab announces details into investigation of the leak of UK-US free trade agreement
The UK-US free trade agreement was leaked to Reddit and the UK is out with a report. It concludes that it is „almost certain“ that Russian actors sought to interfere in the UK election with the report. They also note that the documents

Forex news from the European morning session – 16 July 2020
Headlines:
Markets:
– USD leads, AUD an NZD lag
– European equities lower; E-minis down 0.7%
– US 10-year yields down 1.3 bps to 0.617%

The greenback falls further ahead of North American trading
The boosted risk trades early on before the solidified the risk momentum and helped to give buyers an extra nudge in the past hour or so.

Forex news from the European trading session – 15 July 2020
Headlines:
Markets:
– AUD leads, USD lags on the day
– European equities higher; E-minis up 1.3%

Comments by the Élysée office
I reckon we may see some compromise eventually, perhaps even by the end of the month. Kicking the can down the road sounds appealing for EU lawmakers, but maybe there’s too much at stake before the summer break.

Latest data from the Mortgage Bankers Association for the week ending 10 July 2020
–  +2.2%
– Market index 815.5 vs 775.9 prior
– Purchase index 305.4 vs 325.2 prior
The rise in the prior week was largely due to a surge in refinancing activity as purchases eased a little after hitting its highest level since 2009. The jump

ITV political editor, Robert Peston, reports on the matter
It is said that the vaccine is generating a kind of antibody and T-cell response that researches have hoped to see but the efficacy can only be properly established once Phase III of the programme i.e. testing in Brazil gets underway.