Plenty of ECB, Fed and BoE Governors Will Give Their View
There are again hardly any important data, but plenty of ECB, Fed and BoE governors will give their view. The US Treasury will sell $40 bln of 10-y Notes. Most central bankers probably will hold their view. We look out whether BoE’s Bailey will join the soft assessment of its Chief economist. If so, EUR/GBP might weaken further beyond EUR/GBP 0.87. For EUR/USD, the test of the 1.0764/69 area is rejected for now, but the correction lower only develops in a very gradual way.