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ECB Eco. Bulletin: Moderate, steady recovery continues but subject to downside risks

The European Central Bank (ECB) published its monthly economic bulletin on Thursday, that the Eurozone continues to recover steadily, but remains exposed to downside risks.

Key Headlines:

Data confirms moderate but steady economic growth

Moderate, steady recovery continues but subject to downside risks

ECB reviews risk control framework for collateral assets

Additional haircut adjustments to take effect around end-2017

EUR/USD wipes-out gains, flirts with 1.1100

The shared currency shaved-off gains and trades almost unchanged against its American rival in the European session, with EUR/USD now hovering around
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United Kingdom Markit Services PMI above forecasts (52.4) in October: Actual (54.5)

United Kingdom Markit Services PMI above forecasts (52.4) in October: Actual (54.5)
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