Speaking at the Reuters summit

  • OMT is ready to be used but it is highly unlikely it would be needed at the moment
  • ECB is considering negative interest rates ” very seriously”

That last comment sending euro lower and also says ” but you should not expect too much of it” which suggests that it will fail in its mission anyway

Rock and hard place spring to mind again

EURGBP down through 0.8330 support to 0.8223

EURUSD down to 1.3595 dragging cable down to 1.6530..