Some of the uncertainty has been cleared, such as Brexit, US election, vaccine approval, starting out 2021, the European Central Bank (ECB) President Christine Lagarde said while speaking at the Reuters Next online event on Wednesday.
“Early stage of vaccine rollout laborious.”
“Start year on more positive bases than some argue.”
“Next-generation EU fund has to be rolled out quickly.”
“Dec economic projections clearly plausible.”
“Assumptions underlying forecasts still correct.”
“Forecasts based on lockdown measures until end Q1.”
“if bigger Pandemic Emergency Purchase Programme (PEPP) envelope is needed, we will recalibrate.”
“if don't need to spend PEPP envelope, won't spend it.”
“Compass for PEPP is favourable financing conditions.”
EUR/USD is a few pips off the daily lows at 1.2182, currently trading at 1.2191 after Lagarde’s comments. The spot loses 0.14% on the day, as the US dollar attempts a bounce amid rising coronavirus concerns globally.