Euro jumps as Draghi points to October tapering talks

Climbed 1.1% to $1.201

The European Central Bank (ECB) kept eurozone interests rates and its bond-buying programme unchanged at its latest meeting but pointed to October discussions regarding tapering the programme.

According to the FT, despite maintaining its €2trn quantitative easing scheme at €60bn a month, ECB President confirmed theECB  had begun "very, very preliminary" discussions about tapering the programme with the "bulk of opinions likely to be taken in October". On the news, the euro soared above $1.20 climbing 1.1% to $1.201 while the bloc currency rose 0.45% to £0.918. Managers warn unwinding European QE could burst 'the mother of all bubbles' Draghi (pictured) did admit the stronger euro was a "source of uncertainty" for the policymakers. However, he was adamant the eurozone was...