ECB Draghi Provides Hint But Little Else on December QE Move

Eager currency traders in the City of London were left disappointed Wednesday, with the president of the European Central Bank (ECB) shining little light on the possibility of more monetary easing in the euro zone.

Analysts and economists were gearing up for some major moves in the single currency after expectations were raised in October when Mario Draghi more than hinted at a major policy move. Draghi’s speech at the Guildhall in London Wednesday had little detail on what the ECB’s next move may be.

Instead Draghi took the opportunity – at the Bank’s England’s open forum presentation – to speak about the integration needed in European institutions.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza