CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider (Saxo Bank). You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.

ECB had a context to act

The context is vital. The EU is experiencing slower growth with Germany likely to see a small technical recession (2 consecutive quarters of negative growth) in 2019. Declining industrial confidence, in response to slower Chinese demand for EU exports, and political upheaval (“Brexit” once again) is delaying decision making.

ECB chief Mario Draghi completes his term on 31 October 2019 and wanted to hand-over to Christine Lagarde with a clear plan in situ. Widely lauded as the outstanding central banker of his generation, Draghi’s hand will be missed.

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