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ECB’s Hansson: ECB faces issue calibrating incremental approaches to normalization

ECB governing council member Ardo Hansson was on the wires last minutes, via Reuters, speaking on the topic of monetary stimulus exit in Tallinn.

Key Headlines:

Can’t expect very quick transition from monetary policy to inflation

We're all talking about incremental approaches to normalization, issue is about calibrating

Patience doesn't necessarily mean more measures are needed, policy will work way through system

EUR/GBP recovers early lost ground, around 0.88 handle post UK jobs data

The EUR/GBP cross managed to recover early losses to weekly lows and is now eyeing to move back above the 0.8800 handle following mixed UK jobs data. 
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