ECB gov council member and Slovenia CB head Jazbec on the wires 16 Nov

Low expectations then obviously, but hey always good to set the bar low when you haven't a clue eh ?

  • change of oil prices do not have a major influence by themselves

Too true my friend. Why not try a 30% devaluation in your ccy? That worked for us.

  • it's difficult to comment on outlook for QE programme

Obviously wasn't paying enough attention to the ECB forum on CB communications this week. Tut tut. Back of the class you go and face the wall.

Meanwhile EURUSD still on session lows but EURGBP back up to 0.8927 after 0.8919 lows as GBPUSD runs into 1.3200 sell interest again.