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ECB’s de Guindos: Should follow "very prudent" approach given high uncertainty

European Central Bank Vice President Luis de Guindos is participating in a livestreamed MNI Connect discussion about the Eurozone economic growth and inflation outlook in London, United Kingdom (UK), on Thursday.

Key quotes

Should follow "very prudent" approach given high uncertainty.

Very positive news on inflation.

Valuations very high on "benign" perception of risks.

Present policy stance is appropriate.

Environment is quite uncertain.

Growth in H2 won't be very different from Q2.

BoE likely to pause interest rates after August cut to 4%

After delivering a 25 basis points (bps) interest rate cut to 4% in August, the Bank of England (BoE) is widely expected to stand pat following the conclusion of the September monetary policy meeting. The Monetary Policy Committee (MPC) policymakers are seen voting 7-2 to keep rates on hold.
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AUD/USD recovers some weak Aussie labor data-driven losses, US jobless claims eyed

The AUD/USD pair claws back some of its early losses and rebounds to near 0.6650 during the European trading session on Thursday. The Aussie pair fell sharply, earlier in the day, to near 0.6615 after the Australian Bureau of Statistics showed that employment unexpectedly fell in August.
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