Euro slips, bond yields fall as ECB trims growth, inflation forecasts
13/12/2018 at 13:55
LONDON, Dec 13 (Reuters) - The euro weakened across the board and
bond yields fell after the European Central Bank trimmed its growth
and inflation projections for next year and said the balance of risk
was tilted towards the downside.
The single currency fell as much as 0.3 percent against the
dollar to $1.1339 and declined by a similar margin against the Swiss
franc to 1.1269 francs.
Its biggest decline was against the British pound
, falling half a percent at 89.53 pence, with relief that British
Prime Minister survived a no-confidence vote also boosting the British currency.
German 10-year government bond yields dropped more than a basis
point as Draghi spoke to trade flat on the day at 0.27 percent.
Other high-grade euro zone bond yields also fell 1-2 basis points.
Euro-zone stocks trimmed their gains slightly and were last up 0.1
percent after the drop in the euro boosted shares.
For rolling highlights of the ECB press conference, see:
(Reporting by the London Markets Team; Editing by Tommy Wilkes)
((email@example.com; +44-20-7542-1713; Reuters