ECB policymakers reportedly split on decision to start easing PEPP purchases 0 (0)

A tough decision for the upcoming June policy meeting
Despite the policy meeting this week being a calm one, ECB policymakers are said to expect a tough decision in June – also when the next set of economic projections are released – over whether to start easing PEPP purchases, according to Bloomberg sources.

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ECB leaves key rates unchanged in April monetary policy meeting, as expected 0 (0)

ECB announces their latest monetary policy decision – 22 April 2021
They are reaffirming their pledge of higher PEPP purchases until June but so far it hasn’t really been showing up in the data, at least not „significantly“. Other than that, the rest of the policy language appears to be unchanged. The ECB still retains the

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UK April CBI trends total orders -8 vs 2 expected 0 (0)

Latest data released by CBI – 22 April 2021
Of note, the quarterly optimism index jumps to 38 from -22 in March as UK manufacturers‘ expectations of a rebound rose to the highest in almost 50 years. The monthly reading for factory orders were less upbeat though as seen with the headline.That said, it is all

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Dollar steadies on the session, cable eases back under 1.3900 0 (0)

Dollar moves back to being little changed for the most part against the major currencies bloc in European trading
The kiwi and pound are leading losses so far today, with the latter moving back below 1.3900 against the greenback – notably slipping below its 100-hour moving average @ 1.3913 as buyers surrender near-term control in the

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France says that expects domestic travel restrictions to be lifted on 3 May 0 (0)

French government spokesperson, Gabriel Attal, comments
Adding that the base case scenario remains for bars, restaurants to reopen outdoor seatings by mid-May. That’s certainly optimistic but the hope here is that vaccinations will pick up significantly and outpace virus infections and hospitalisations, though the latter remains a key concern still for the time being.

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