November 10, 2024 – Written by Tim Boyer
STORY LINK Pound Euro Exchange Rate Subdued as BoE Cut Rates
The Pound Euro (GBP/EUR) exchange rate traded largely flat on Thursday following the Bank of England’s latest interest rate decision.
The Pound (GBP) saw a varied trading day on Thursday following the Bank of England’s (BoE) latest interest rate decision. It lost ground against higher-risk currencies but gained against most others whilst seeing little change against the Euro (EUR).
The BoE cut interest rates from 5% to 4.75%, a move widely expected…
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