October 20, 2024 – Written by Tim Boyer
STORY LINK Euro to Pound Rate Drops Below 0.83 as ECB Cut Rates Again
The ECB cut rates for a third time.
It seems there is a shift of focus from battling inflation to supporting the economy and this would lead to more cuts.
EURGBP made fresh 2024 lows and is approaching the 2022 low of 0.82.
Thursday ECB unfolded as expected as the central bank cut rates for a third time. The move was already priced in to bond markets by up to 95%, but the euro still dropped as it looks like there will…
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