April 4, 2023 – Written by John Cameron
STORY LINK Pound Euro Exchange Rate News: GBP/EUR Climbed as Eurozone Consumer Inflation Expectations Decline
Euro (EUR) Undermined by Pared Rate Hike Bets
The Euro (EUR) struggled for demand on Tuesday in the wake of the European Central Bank’s (ECB) consumer expectations survey for February. Falling expectations for inflation sapped demand for the Euro as further rate hikes hang in the balance.
Compared to January’s survey, consumer inflation expectations fell further, as it declined to 8.7% in February from 9.5%. The ECB could perceive this downturn as a sign that their interest rate hikes are…
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