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Euro soars after Draghi refuses to cool speculation on stimulus

21st July 2017

The Euro soared this week after the European Central bank refused to quell market expectation that a long era of cheap money was coming to an end. ECB President Mario Draghi gave the impression that no changes would be made to the massive bond-buying programme to stimulate European inflation. Draghi also said that no talks were set to discuss ending the €60billion a month spree and that monetary policy would likely remain unchanged with any future discussions expected in Autumn. This excited markets and set the Pound tumbling to around 1.11 / 1.115.

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