• EUR/USD clings to gains above 1.1150 as more ECB policymakers show concerns over price pressures remaining persistent.
• Investors await ECB Lagarde’s speech for fresh interest-rate guidance.
• The US Dollar remains under pressure on escalating Fed dovish bets.

EUR/USD gathers strength, aiming to reclaim the key resistance of 1.1200 in Friday’s European session. The major currency pair strengthens as the Euro (EUR) performs strongly on growing speculation that the European Central Bank (ECB) will leave its Deposit Facility rate unchanged at 3.5% in its October monetary policy meeting.

A few ECB policymakers have voiced their willingness to follow a gradual policy-easing approach as they want to see more evidence pointing to a slowdown in inflationary pressures. This week, ECB policymakers such as Governing Council member Peter Kazimir, Executive Board Member Isabel Schnabel, and President of Deutsche Bundesbank Joachim Nagel said that price pressures are still higher than where the bank wants them. 

Specifically, ECB Isabel Schnabel said on Thursday that sticky services inflation is keeping headline inflation at an elevated level.

For fresh guidance on interest rates, investors will focus on ECB President Christine Lagarde’s speech, which is scheduled at 15:00 GMT. In her latest comments at ECB policy’s press conference on September 12, Lagarde refrained from proving a pre-defined interest rate cut path. 

"The interest rate decisions will be based on its assessment of inflation outlook in light of incoming economic and financial data, dynamics of underlying inflation, and strength of monetary policy transmission," she said.