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18 May 2020

ECB’s Lane: Unlikely economic activity will return to pre-crisis level before 2021

Further comments are flowing in from the European Central Bank (ECB) Chief Economist Phillip Lane, as he sheds some light on the Euro area economic outlook.

“ECB is careful to remain a good distance from monetary financing.”

“What we know for sure is that the steepest fall will be in 1H 2020.”

“These terrible economic conditions should recover little by little, week by week.”

May 18, 2020

Crude Oil Futures: Rally loses momentum

Traders scaled back their open interest positions by almost 5.4K contracts on Friday, reaching the second drop in a row in light of preliminary figure
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May 18, 2020

GBP/USD may find a bottom only at 1.1966 after Brexit blow, BOE – Confluence Detector

GBP/USD has been on the back foot amid fraught Brexit talks and an open door to negative rates by the Bank of England. Will it continue lower? The Tec
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