ECB’s Linde says monetary policy normalisation must be gradual

Spanish CB head Linde out on the wires 6 April

• normalisation must be well thought through

No rush then as we already know.

Meanwhile EURUSD down to 1.2238 after failing at 1.2260 and EURJPY lower 131.35 with USDJPY also capping at 107.50 again.

GBPHPY selling also pushing GBPUSD down to 1.4008 after failing into 1.4030 pivot again which in turn is pushing EURGBP up to 0.8737

US equity futures extending losses with DJI and Nasdaq now down over 1%