ECB’s Enria: Banks now ready to take Brexit hit partially
|Eurozone banks are now ready to take Brexit hit, to some extent, the European Central Bank (ECB) Chief Supervisor Andrea Enria said in a TV interview on Friday.
She added that “now is the time for banks to start becoming more active in recognizing their asset quality issues as also to avoid a huge cliff-edge effect at the end of the payment breaks.”
Market reaction
As the European equities turn south, the US dollar is regaining some lost ground, dragging EUR/USD away from the daily highs of 1.1685.
The above comments have little impact on the spot, as it currently trades 0.06% lower at 1.1665.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.