ECB TLTRO results awaited VP Constancio suggests take-up significant

FXStreet (Łódź) - Market participants await ECB data on the take-up in the first round of the targeted longer-term refinancing operations (TLTROs), due out at 9:15 GMT. Median forecasts point to banks tapping the TLTRO at approximately 110-150 billion euros.

ECB Vice-President Vítor Constâncio suggested the take-up of new funds will be significant and that the TLTRO should boost the central bank's balance sheet.

A larger than predicted takeup is expected to provide support for the euro.