BoE Interest Rate Decision Dents Pound Euro Exchange Rate Outlook

BoE Interest Rate Decision Dents Pound Euro Exchange Rate Outlook

December 20, 2024 – Written by Ben Hughes

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The Pound Euro exchange rate (GBP/EUR) edged lower on Thursday following the Bank of England’s (BoE) December interest rate decision.

On Thursday, the Pound (GBP) lost ground against most of its major trading partners following the Bank of England’s latest interest rate announcement.

As expected, the central bank kept interest rates unchanged at 4.75%.

However, the decision was not as unanimous…
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