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BOE's Vlieghe: Tiering has been effective in getting the benefits of negative rates, while reducing costs
The headline comment continues to make a case for negative rates to be introduced by the BOE in the future.
"My own view is that the risk that negative rates end up being counterproductive to the aims of monetary policy is low."
Further Development
Analyzing the current trading chart of EUR, I found that EUR is trading close to my second target at 1,1825 and that there is still chance for strong upside swing.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Natural gas and Lumber today and on the bottom Feeder Cattle and VIX.
Key Levels:
Resistance: 1,1825 and 1,1870
Support level: 1,1770
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