Christopher Nye
on June 26th, 2020 As Europe continues to ease restrictions and open its doors, we could see volatility for the euro. However, it has broadly retained its strength against the pound over the past few weeks.
Yesterday, the European Central Bank rolled out a repurchase facility for central banks from outside the single currency block as a ‘precautionary measure’. These banks will be allowed to access euro loans to address pandemic-related euro liquidity needs outside euro area.
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