European Central Bank President, Mario Draghi, failed to provide any clues as to the future of the ECB’s monetary policy yesterday causing volatility in the value of the Euro. On the day, the ECB held its negative interest rate and didn’t change its quantitative easing programme but Mr Draghi didn’t give any hint as to the future of the programme. The QE is supposed to end in March 2017 and markets are keen to learn what the future direction of the bank will be. After some frenzied volatility during the interview with Mr Draghi, the Euro settled exactly where it started but the erratic movements hint at uncertainty as to what the ECB will do in the coming months.

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