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ECB's Villeroy: We still have a margin for rate cuts in Europe

European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Monday that the central bank still has “a margin for rate cuts in Europe.”

  • Additional comments
  • We are in a moment of great economic uncertainty.
  • But does not see any extra inflation in the region.
  • Does not anticipate a recession in France, Europe.
  • Trump's policies, US protectionism are not working.

EUR/GBP moves away from multi-week low, lacks bullish conviction and remains below mid-0.8500s

The EUR/GBP cross attracts some buyers during the Asian session on Monday, though it lacks bullish conviction and remains close to a nearly three-week low around the 0.8510 region touched on Friday. Spot prices currently trade just below mid-0.8500s, up less than 0.10% for the day.
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Sweden Producer Price Index (YoY) declined to -0.3% in March from previous 3.4%

Sweden Producer Price Index (YoY) declined to -0.3% in March from previous 3.4%
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