US EditionEUR/GBP Trades Flat Near 0.8800 Amid BoE Rate Cut Speculation
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EUR/GBP trades flat near 0.8800 amid BoE rate cut speculation
The post EUR/GBP trades flat near 0.8800 amid BoE rate cut speculation appeared on BitcoinEthereumNews.com. The EUR/GBP cross flat lines near 0.8810 during the early European session on Tuesday. Nonetheless, recent weak UK Gross Domestic Product (GDP) data has pressured the Bank of England (BoE) to potentially cut rates, which might drag the Pound Sterling (GBP) lower against the Euro (EUR). The UK Consumer Price Index (CPI) and Producer Price I…
EUR/GBP retreats from highs as sterling firms on BoE inflation risks
The Euro (EUR) weakens against the British Pound (GBP) on Monday, with EUR/GBP extending its pullback after climbing to fresh year-to-date highs near 0.8865 on Friday, as traders react to contrasting signals from the European Central Bank (ECB) and the Bank of England (BoE).
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