British Pound and Euro Are in a ‘Doom Loop,’ TD Strategist Says

tweet at 10:21am: *UNIPER SAYS GERMANY TO HOLD SIGNIFICANT MAJORITY STAKE tweet at 10:20am: UNIPER: GERMANY WILL ALSO PURCHASE SHARES IN UNIPER HELD BY FORTUM.

tweet at 1:13pm: MOEX To Stop Trading GBP On October 3rd - RTRS

I am honoured to deliver the Karl Otto Pöhl lecture this evening on the topic of monetary policy in the euro area. After a long period when inflation in the euro area was too low, it is now far too high. We are in the tenth consecutive month of record-high inflation rates and we may see this streak continue in the near term. Inflation is being caused by a series of unprecedented shocks, which have led to turning points in the global economy. As a result, price pressures have proven much stronger and more persistent than originally projected. In this setting, monetary policymakers must ensure that inflation does not become entrenched and that it returns to target in the medium term. And our policy response will need to account for the special combination of shocks that we are facing in the euro area. In my remarks this evening, I would like to address two issues. First, the nature of the inflation shock we are facing in the euro area today, and second, the implications this has for monetary policy now and in the future. tweet at 1:31pm: *ECB's Lagarde: Inflation Much Higher, Persistent Than Anticipated *ECB's Lagarde: ECB Has Frontloaded Rate Increases *ECB's Lagarde: ECB Determined To Bring Inflation Back To 2% tweet at 1:37pm: ECB’s Lagarde: We Expect To Raise Interest Rates Further Over The Next Several Meetings tweet at 1:39pm: ECB’s Lagarde: Going Forward, The Appropriate Pace Of Future Rate Increases Will Be Decided On A Meeting-By-Meeting Basis tweet at 1:44pm: MORE ECB'S LAGARDE: LARGER-THAN-25-BP HIKES 'IS A KEY TOOL TO SIGNAL OUR DETERMINATION TO FULFIL OUR MANDATE' #christinelagarde #ecb #eurozone #inflation #monetarypolicy