September 13, 2024 – Written by John Cameron
Leave a comment STORY LINK Euro Rate Today: No Surprises as ECB Rate Cut Meets Expectations
The ECB interest rate decision was in line with strong expectations and had been fully priced in which limited the market impact and the Pound was unable to benefit.
The Pound to Euro (GBP/EUR) exchange rate dipped to 1.1825 before recovering to show marginal losses at 1.1840.
Danske Bank FX analyst Kirstine Kundby-Nielsen expects the UK economy to out-perform; “If we look at the PMIs we continue to see downside…
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