January 31, 2025 – Written by Tim Boyer
STORY LINK ECB Cut: GBP/EUR Exchange Rate Retreats from 20-Day Highs on Euro Shorts
The ECB policy decision was in line with expectations, but the Euro (EUR) managed to pare losses against the US Dollar (USD) and Pound Sterling (GBP) with an element of short covering amid a slightly less pessimistic tone on the economic outlook.
The Pound to Euro exchange rate (GBP/EUR) hit 20-day highs just above 1.1960 earlier in the session before settling around 1.1925 after the ECB…
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