GBPEUR GBP/EUR
- 1.1830
- -0.0020-0.17%
GBP/EUR News
European Central Bank Committee Member Vujcic: Interest rates may be lowered in September only if inflation improves.
Boris Vujcic, the Governor of the Croatian National Bank and member of the ECB, stated that if inflation is to improve, they would like to reduce interest rates in September.
ECB's Kazaks Says Must Not Allow Inflation to Remain Above 2% Into 2026
European Central Bank (ECB) Governing Council member Martins Kazaks said on Sunday that the bank must not allow inflation to remain above 2% into 2026, adding that he is concerned about delays beyond this.
EUR/GBP Rebounds From 0.8400, but Remains Sharply Lower
EUR/GBP dipped to a fresh 22-month low on Friday, tapping 0.8400 before finding a thin recovery that still leaves the pair battling at the bottom of an accelerating three-month decline from April’s peaks above 0.8600.
United Kingdom's central bank: Even if inflation falls, more British people predict a rate hike rather than a rate cut.
Although the United Kingdom's inflation expectations have dropped to 2.8%, the lowest since August 2021, the public is not yet convinced that interest rate cuts are underway.
ECB Executive Board member Kazaks: If inflation data is good, will support the market's expectation of ECB interest rate cuts.
On Friday, Martin Kazaks, a member of the European Central Bank's committee, stated that if inflation continues to slow down as expected, the ECB may continue to lower interest rates in line with market expectations.
Britons Expect Rate Rises Even as Inflation Falls, BOE Says
UK inflation expectations fell to the lowest in three years, but the public is yet to be convinced interest-rate cuts are under way.
EUR/GBP Depreciates to Near 0.8400 Due to Political Uncertainty in Europe
EUR/GBP continues to depreciate for the second consecutive session, trading around 0.8410 during European hours on Friday.
Inflation pressure still exists. The Bank of England is expected to continue to hold steady next week.
For British Prime Minister Sunak, the hope that the Bank of England will cut interest rates before the election may be dashed because inflationary pressures in the UK appear to be too great for the Bank of England to cut rates at its policy meeting on June 20.
Ifo predicts: The European Cup may drive Germany's Q2 economic growth by 0.1%.
According to data from the Ifo Institute, the month-long European football championship that opened in Germany on Friday is expected to boost the German economy by 0.1% in the second quarter. In a report, Ifo researcher Gerome Wolf said: 'However, this impact will only be temporary, which means that due to the return of tourists after the end of the 2024 European Cup, German service exports may decline again in the third quarter, overall unchanged.' Ifo said that large-scale sports events usually have 'relatively small effects, except for the tourism industry,' and compared it to the 2 held in Germany.
EUR/GBP Declines to 22-month Low as Pressure on Euro Weighs
EUR/GBP saw a sharp downside push on Thursday, driving the pair to a nearly two-year low near the 0.8400 handle as political and economic uncertainty weigh on the Euro (EUR).
ECB's Vasle: Possible for More Rate Cuts If Baseline Scenario Holds
The European Central Bank (ECB) policymaker Bostjan Vasle said on Thursday, it is “possible for more rate cuts if baseline scenario holds.”
The baseline scenario of ECB Governing Council member Vasle points to further interest rate cuts within this year in Europe.
Bostjan Vasle, a member of the European Central Bank's Governing Council, said there is a possibility of further interest rate cuts if the bank's expectations of a further slowdown in inflation become a reality. "If the baseline scenario becomes a reality and the data is ideal, then we may expect interest rates to continue to be cut over the next two years," said Vasle, who is also the governor of the Central Bank of Slovenia, in an interview with Finance. "Otherwise, it is wise to take further action at a later time." Last week, the European Central Bank lowered borrowing costs by 25 basis points but also raised its inflation forecast for 2024 and 2025. This decision has caused investors...
EUR/GBP Rebounds Above 0.8450 Ahead of Eurozone Industrial Production Data
The EUR/GBP cross extends the recovery to 0.8455 during the early European session on Thursday.
European Central Bank Committee: Core inflation in the euro zone is still very challenging.
European Central Bank Executive Board member Nowotny stated that the potential consumer price index growth in the Eurozone is proving to be stubborn.
European Central Bank official Nagel said that the core inflation in the eurozone "remains sticky".
Joachim Nagel, a member of the European Central Bank, said that it is a fact that the basic inflation in the euro area is stubborn. The German central bank president reiterated at the Americas International Economic Forum that he and his colleagues will not simply automatically lower borrowing costs, but will determine the situation at every meeting. "Core inflation is indeed still sticky," Nagel said in Montreal, Canada, on Wednesday, acknowledging that easing monetary policy last week was right. "Our road is bumpy, but we all know that the last mile is the most complex." The European Central Bank cut interest rates last week as expected, but also raised its outlook for 2024.
The European Central Bank said that the euro's share in global foreign exchange reserves dropped due to the impact of the Russia-Ukraine war.
According to a report by the European Central Bank, the share of the euro in the global official currency holdings fell to its lowest level since 2017 last year. In the past year, the euro-denominated assets held by countries decreased by about 1 percentage point, pushing the euro's share in forex reserves to 20% at the end of the fourth quarter. It was 21% in 2022 and 19.2% in 2017. The European Central Bank stated that potential reasons for the decline in the popularity of the euro mentioned in the report include the Russia-Ukraine war and the Swiss National Bank's currency intervention. The report pointed out that about 40% of Russia's forex reserves are in euros. As of the end of last year, the total amount of assets held by the European Central Bank was about 4.9 trillion euros.
EUR/GBP Price Analysis: Reaches Downside Target for Range Breakout
EUR/GBP is in a downtrend with odds favoring a continuation lower whilst a heightened chance in the short-term the pair might pull back first.
UBS Now Sees Bank of England Starting to Cut Rates in August Vs. Earlier View of June
UBS said it shifted its call for the first Bank of England (BoE) rate cut from June to August, implying no change from the Monetary Policy Committee (MPC) at the next meeting on June 20.
Pound Sterling Edges Higher After April GDP Stalls in Line With Expectations
Pound sterling edged higher against a softer US dollar and rose against some other major currencies in early European trade on Wednesday after government data showed the UK economy stalling in line with expectations in April.
U.K. Is Growing, Though Trend Is Unclear -- Market Talk
The U.K. is likely to grow over the second quarter despite stagnation in April, ING economist James Smith writes in a note.