News Headline Summary

Market talk that ECB's Constancio signals no August move given guidance impact - Unconfirmed

'Market talk' - Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

Reaction details (15:42)

- In immediate reaction to this news EUR/USD gained 17 pips in a move higher from 1.3138 to 1.3155.

Analysis details (15:44)

- ECB's Constancio is the ECB vice-president.
- These comments follow the ECB's first use of rate guidance which was used at their July monetary policy press conference from President Draghi.

19 Jul 2013 - 15:41 - - Source: Newswires

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