Peter O’Flanagan, head of trading at broker Clear Treasury, said: “We discussed the ECB loading their bazooka yesterday but the reality of the release was more like a water pistol soaking market appetite.”
Alastair McCaig, market analyst at spread betting firm IG, said that the onus was now on US Federal Reserve to deliver a first interest rate rise for nearly a decade later this month.
“The reaction we have seen could be a forewarning of what might transpire if the Fed doesn’t increase rates by a suitable margin or even fail to raise at all,” he said.
