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13.09.2019
The ECB announced a stimulus package, which included a 10 basis point rate cut to -0.5%, and open-ended QE of €20 billion per month starting November 1st. The central bank downgraded its inflation and growth forecast, also introduced a reserve system that would exempt part of bank holdings from negative rates. The EUR/USD plunged to yearly lows, bouncing to a fresh weekly high of 1.1086. The Sterling traded uneventfully against the greenback, finding mild support on market talks indicating that the EU was preparing to grant the UK another delay to Brexit.

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