- Analytics
- News and Tools
- Market News
- European session review: EUR appreciates after ECB’s decision to expand its PEPP by solid EUR600 bln
European session review: EUR appreciates after ECB’s decision to expand its PEPP by solid EUR600 bln
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 08:30 | United Kingdom | PMI Construction | May | 8.2 | 29.7 | 28.9 |
| 09:00 | Eurozone | Retail Sales (MoM) | April | -11.1% | -15% | -11.7% |
| 09:00 | Eurozone | Retail Sales (YoY) | April | -8.8% | -22.3% | -19.6% |
| 11:45 | Eurozone | ECB Interest Rate Decision | 0% | 0% | 0% |
EUR rose against most other major currencies in the European session on Thursday after the European Central Bank (ECB) announced the outcomes of its latest monetary policy meeting.
At the meeting, the ECB’s policymakers decided to leave its key interest rates unchanged and to boost its Pandemic Emergency Purchase Program by EUR600 billion to EUR1.35 trillion. The purchases under the PEPP will continue until at least the end of June 2021.
The announced increase in the size of the PEPP exceeded market expectations of around EUR500 billion, supporting the European single currency.
Now, market participants are awaiting the ECB’s press conference (due at 12:30 GMT), at which its president Christine Lagarde is expected to explain today’s monetary policy decisions.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
