April 22th, European session

In trading in Europe, the euro and franc are trading in positive territory, while other currencies have turned red. The greatest losses are incurred by the British pound (-0.45%) and the New Zealand dollar (0.39%). The Briton came under pressure from the growth of the EUR / GBP pair. The cross rose 0.67% to 0.8702.

Following the meeting, the ECB Governing Council left the key refinancing rate at the previous level of 0.00%. The rate on deposits was kept at the level of minus 0.50%, the rate on loans from the ECB - at the level of 0.25%. The regulator expects interest rates to remain at current rates until inflation approaches 2%.

The ECB announced that the Governing Council will continue to purchase assets under the temporary PEPP (Pandemic Emergency Relief Program) totaling € 1,850 billion. The Central Bank intends to continue the purchase of assets under the PEPP program at least until the end of March 2022.

During the press conference of K. Lagarde, the euro rate rose to 1.2069, after which it fell to 1.2023. Rapid growth overlap casts doubt on further growth. Support is located at 1.2015. After it, the road to the level of 1.1985 opens.

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