Euro rallies as ECB takes a more hawkish stance on QE

EUR pairs all feeling the love post-ECB announcement 8 MarchEURUSD up to 1.2431, EURGBP 0.8950 EURJPY 131.85 on the ECB changing the tone of its rhetoric and dropping the pledge to increase bond buys
This is now missing:If the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, the Governing Council stands ready to increase the asset purchase programme (APP) in terms of size and/or duration.

Presser at 13.30 GMT still a risk to the downside so rallies capped for the moment.
Watch Draghi spill the beans here Article Source

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