Breaking: ECB’s Lagarde says council agreed to take action at next meeting, EUR/USD pushes lower

Christine Lagarde, President of the European Central Bank (ECB), said on Thursday that the ECB’s Governing Council has agreed to take action and recalibrate its policy at the next policy meeting in December.

With the initial reaction, the EUR/USD slumped to a fresh monthly low and was last seen losing 0.5% on the day at 1.1686.

Lagarde further noted that the Governing Council will look at all instruments and added that they will continue to use the entire flexibility of the Pandemic Emergency Purchase Programme (PEPP).

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