Weaker eurozone growth due to trade tensions, European Central Bank chief says

EUR/USD Exchange Rate Declines as German Confidence Scores Fall below Forecasts

The Pound to Euro (GBP/EUR) exchange rate climbed on Thursday afternoon, advancing by around +0.70% and breaking through the 1.15 barrier after European Central Bank (ECB) President Mario Draghi held a press conference.

"This moderation may in part reflect a pull-back from the high pace of growth observed at the end of previous year, while temporary factors may also be at work", he said.

The bank also reiterated that its bond purchasing scheme would remain at its current monthly pace of €30bn until at least the end of September 2018, or until the council had seen a sustained change in inflation towards its target of almost two per cent.

Draghi also warned in Washington last week that rising protectionism might already be hurting business and consumer sentiment.

Apple iPhone X: Display supplier Samsung sees slow demand for OLED panels
At the end of 2018, you might see the first iPhone X Plus model that will copy the Galaxy Note's signature feature. A new report now claims that the LCD iPhone will be priced aggressively in the $799 range.

The Euro was sold off by investors when Draghi spoke after the central bank announced it's latest monetary policy decision. But recent economic data has been mixed.

Draghi used today's press conference to acknowledge that 'incoming information since our March meeting points towards some moderation'. The ECB stated that it would keep its asset purchase programme in place until at least September, and would continue it on further if necessary. The currency is up 1.5% against the dollar this year and just 0.3 percent higher on a trade-weighted basis.

Lower interest rates and QE are created to pump cash through the financial system and into lending to firms and households - powering economic growth and inflation.

While the trade tensions have so far mostly been limited to "rhetoric", the European Central Bank chief warned "obviously" [they] can't know what are going to be the direct effects of potential retaliation if the U.S. threats become reality.

Verdict expected in submarine death of Swedish journalist
The case has gripped Denmark ever since Wall failed to return from a trip on Madsen's self-built Nautilus submarine on 10 August. He then claimed she had died of exhaust fume poisoning inside the vessel while he was outside on its deck.

The deposit rate, now the bank's primary interest rate tool, will remain at -0.4% while the main refinancing rate will be unchanged at 0%.

One worry is that protectionist rhetoric from the United States could push down the value of the dollar, an economic anomaly as the Federal Reserve is likely to raise interest rates several times this year, a natural support for its currency.

A stronger euro would cap inflation, but would affect growth and exports.

Nonetheless, the euro's recent strength has had a relatively limited impact in recent weeks.

Liverpool's Alex Oxlade-Chamberlain exits Roma game with 'serious' injury
We don't know exactly but all the medical department are quite concerned, and that's without a scan. Whether Oxlade-Chamberlain's season could be over...

Related news:

Hot News

isis-killer-beheading-video-story-top Judge Likely to Appoint Special Master in Cohen Case; Trump Confused
Apr 27, 2018 - 00:51
But legally speaking, it may matter that Trump acknowledged this action was taken in Cohen's capacity as his attorney. He was careful to note that his host network, Fox News, treats him "fairly" even if they're not "perfect for me".

isis-killer-beheading-video-story-top Ford cancels all sedans and hatchbacks for USA market
Apr 27, 2018 - 00:46
Ford's automotive revenue increased to $39 billion, exceeding the average projection for $37.2 billion in a Bloomberg survey. They plan to only produce the Mustang and Focus Active crossover vehicles as well as trucks, SUV's, and commercial vehicles.

Dow Jones falls almost 425 points; Caterpillar reports earnings plateau
Apr 26, 2018 - 12:52
Sectors posting the biggest losses included technology (2 percent), materials (2.69 percent) and industrial (2.82 percent) stocks. After sinking by 300 points initially, the Dow Jones index clawed back those losses to break a five-day losing streak.

isis-killer-beheading-video-story-top Meek Mill's Lawyer Calls Rapper's Release From Prison Bittersweet
Apr 26, 2018 - 12:49
Rapper Meek Mill says he believes a lot of important people are depending on him now that he's out of prison. I just left from seeing him in jail with @michaelgrubin and we were just told that he is being released.

isis-killer-beheading-video-story-top Simeone hails Wenger and distances himself from Arsenal switch
Apr 26, 2018 - 12:43
Wenger is also hopeful that Henrikh Mkhitaryan could recover from a knee injury to feature in the second leg in Madrid next week but Mohamed Elneny is out for the rest of the season.

isis-killer-beheading-video-story-top Comcast is officially bidding to buy European pay-TV giant Sky
Apr 25, 2018 - 16:12
The owner of NBC Universal announced terms for a pre-conditional cash offer this morning. It said it would expect the deal to complete before the end of 2018.

isis-killer-beheading-video-story-top Malaysia releases photo of suspect, find motorbike allegedly used in Palestinian killing
Apr 25, 2018 - 16:09
The Mossad is believed to have assassinated Palestinian militants and scientists in the past, but rarely confirms such operations. Israel has responded to the rallies with live fire, killing at least 40 people and injuring thousands of others.

isis-killer-beheading-video-story-top After Waffle House Shooting: Few Rules for Weapons Surrender
Apr 25, 2018 - 16:08
Reinking, 29, was arrested Monday in connection with Sunday's attack with an assault-style rifle at the Nashville-area restaurant. I am creating this page to help the families of the victims from the Shooting that took place at Waffle House in Antioch, TN.

isis-killer-beheading-video-story-top BMW Concept iX3 EV gets official in China
Apr 25, 2018 - 16:07
The expansion of the iX3 range is in line with company strategy to develop emission-free vehicles and promoted driverless cars. In the BMW Concept iX3 , the next, highly integrated development stage of this technology delivers all-electric mobility.

isis-killer-beheading-video-story-top WhatsApp raises minimum age limit for European to 16
Apr 25, 2018 - 16:05
WhatsApp doesn't now ask users their age, nor does it link their accounts to Facebook or Instagram , which is also owned by Facebook.

isis-killer-beheading-video-story-top Google's G Suite redesign draws on AI to kill email clutter
Apr 25, 2018 - 16:00
Notwithstanding, the choice wasn't accessible for us right now, so the take-off is by all accounts slower than anticipated. Consumers who use Gmail for free will be able to turn on the new version by selecting " Try the new Gmail " in settings .

isis-killer-beheading-video-story-top Milind Soman and Ankita Konwar dance during their wedding rituals
Apr 24, 2018 - 05:21
The two, who are both fitness freaks, have constantly kept their fans updated with their intimate pictures and moments together. Instagram posts of a photographer featuring Milind Soman and his girlfriend Ankita Konwar have circulated on the social media.

isis-killer-beheading-video-story-top Mets Demote Matt Harvey to the Bullpen
Apr 24, 2018 - 05:20
His ERA is up to 6.00 and he has given up at least four earned runs and at least one home run in three straight starts. He missed all of 2014 after Tommy John surgery but returned strong in 2015 in helping the Mets reach the World Series.

isis-killer-beheading-video-story-top G7 ministers to discuss Russian Federation , but not sanctions
Apr 24, 2018 - 05:15
At Russia's request, Mnuchin met with Siluanov during International Monetary Fund meetings in Washington last week. However, the Russian oligarch is trying to save Rusal without surrendering control.

isis-killer-beheading-video-story-top Salah deserved Player of the Year, but so did De Bruyne
Apr 24, 2018 - 05:13
It's very special to play for a club like Liverpool in the semi-final and the atmosphere at Anfield is great", he further added. Manchester City's Sane won the young player prize, while Chelsea's Fran Kirby won the Women's Player of the Year award.