ECB's Constancio says fully aware that economy improving, improvement will be reflected in future decisions. EUR/USD up 22 pips from the daily lows

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24 May 2017

ECB's Constancio says fully aware that economy improving, improvement will be reflected in future decisions. EUR/USD up 22 pips from the daily lows

Output and employment gaps justify caution
Shares concerns expressed in ECB minutes, statements
Must be cautious about premature withdrawal of stimulus
Preferable to err on the side of removing stimulus too late than too early

UK parliament says all public tours and events will be cancelled with immediate effect after Manchester attack

ECB's Praet says we still need to create a sufficiently broad and solid information basis to build confidence that the projected path of inflation is robust, durable and self-sustained

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