ECB Announces Interest Rates Hold as Expected – Forex Broker Vantage FX Comments

London broker comments on ECB rates hold.

London (PRWEB UK) 10 December 2013

With the forex community well aware of recent rate cuts by the ECB, the concern with this announcement was that extreme measures could have been on the cards, including aggressive easing.

However, most traders predicted the ECB to hold interest rates and they were correct. (The Telegraph, 5th December 2013)

Vantage FX Head of Market Analysis commented:

“The ECB announced last week that interest rates would stay on hold at 0.25% as expected. During the press conference, after the announcements, the head of the ECB, Mario Draghi, implied that there would be no further rate cuts in the near future. However, many were hoping the head of the ECB would be discussing and elaborating further about the introduction of an LTRO (Long term refinancing operation) which would be designed to improve the liquidity in the Eurozone.”

Vantage FX provides insights for clients, such as the prediction of a hold by the ECB, along with analysis of a range of market trends which provide traders with the right kind of knowledge when making FX trading decisions.

Traders can follow Vantage FX on social networks including Twitter or try a demo or live account, offering:

  • Competitive pricing from 0.4 pips
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Find out more about trading forex with Vantage FX.

About Vantage FX

Vantage FX is an internationally recognised Forex broker based in the City of London, providing foreign exchange trading services and a UK trading platform to clients in the UK, the EU and the rest of the world.

What sets forex brokers Vantage FX apart is their wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors as well as offering a free MT4 forex demo.

You may prefer to contact our Australian Office.
Phone: +61 1300 945 517
Contact: Natalie German
Website: vantagefx com


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