GBPEUR GBP/EUR
- 1.1691
- +0.0006+0.05%
GBP/EUR News
EUR/GBP Finds Support Near 0.8550, Eyes on UK Inflation Data
The EUR/GBP pair finds a temporary cushion near 0.8550 in Monday’s European session.
BOE's Broadbent Sees Possible Rate Cut "Some Time Over The Summer"
The Bank of England could cut its key interest rate over the coming months if wage growth and the rise in services prices show signs of cooling as forecast, Deputy Governor Ben Broadbent said Monday.
ECB interest rate cut in June, Kazakhstan calls for caution in subsequent decisions
ECB Governing Council Member Martins Hazzaks stressed that the pace of interest rate cuts in the Eurozone should keep pace with the gradual slowing of inflation.
Pound Sterling Holds Gains on Improved Market Sentiment, UK Inflation Comes Under Spotlight
The Pound Sterling (GBP) trades close to an almost two-month high around 1.2700 in Monday’s European session. The GBP/USD pair strengthens as the US Dollar (USD) is on the back foot as financial markets remain confident that the Federal Reserve (Fed) will start lowering interest rates from the September meeting.
ECB's Kazaks Warns Against Hasty Interest-Rate Cuts After June
The pace of European Central Bank interest-rate cuts must match the gradual slowdown of euro-area inflation, according to Governing Council member Martins Kazaks.
Fitch Maintains Spain's Rating, Stable Outlook Amid Resilient Economy
Fitch on May 17 affirmed Spain's A- long-term foreign-currency issuer default rating, with a stable outlook, citing the country's economic resilience and an improving labor market.
Nomura's updated forecast: The Bank of Europe will cut interest rates in June and will not cut interest rates in July!
Nomura Securities adjusted its forecast for the ECB's monetary policy, abandoning previous expectations of interest rate cuts in July. The agency predicts that the ECB will cut interest rates continuously by 25 basis points in June, September, and December this year, followed by similar interest rate cuts in March, June, and September next year.
ECB Governing Council: June is the right time to cut interest rates and be open to the possibility of future action
ECB Governing Council member and Bank of Slovenia Governor Bostjan Vasle said on Friday that June may be the right time to start cutting interest rates and is open to subsequent actions.
ECB's Vasle Open to Possibilities After 'Reasonable' June Cut
European Central Bank Governing Council member Bostjan Vasle said next month is probably the appropriate moment to begin lowering interest rates and that he’s keeping an open mind on what to do after that.
The UK economy grew 0.6% month-on-month in the first quarter to escape the technical recession
On the evening of the 17th, Beijing time, data released by the British government on Friday showed that the British economy rebounded strongly in the first three months of this year, ending what economists call a “technical recession.” The UK Office for National Statistics said that the economy grew 0.6% in the first quarter compared to the previous three months, particularly driven by strong growth in the critical service sector. The UK's GDP growth in the first quarter was higher than economists' forecast of 0.4%, the strongest increase since the economy contracted sharply during the novel coronavirus pandemic in the fourth quarter of 2021. In the third and fourth quarters of last year, the UK experienced two consecutive quarters of moderation
EUR/GBP Price Analysis: Finds Support From Two Major Moving Averages
EUR/GBP has continued falling within a multi-month range that began in January 2024.
Sterling Seen Rising If BOE Delays Rate Cuts to August -- Market Talk
Sterling is likely to strengthen against the euro to post-brexit highs if the Bank of England waits until August to start cutting interest-rates, Monex Europe forex analyst Nick Rees says in a note.
ECB Could Cut Twice This Summer, Unless Oil Surges -- Market Talk
Two interest-rate cuts in two months could be on the cards for the eurozone unless oil prices spike and drive energy inflation higher, Claus Vistesen at Pantheon Macroeconomics writes in a note.
ECB's Schnabel Lobbies Against Back-to-back Rate Cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.
Sterling Steady in Absence of Market-Moving Events -- Market Talk
Sterling is relatively unchanged in Friday morning trading in the absence of major market-moving data releases.
Pound Sterling Holds Strength Near 1.2700 Although US Dollar Stabilizes
The Pound Sterling (GBP) turns sideways in Friday’s London session after posting a fresh monthly high at 1.2700 on Thursday. The GBP/USD pair struggles to extend upside as investors shift focus to the United Kingdom Consumer Price Index (CPI) data for April, which will be published on Wednesday.
ECB Executive Director Schnabel: There is no need to cut interest rates continuously in June and July and be wary of the risk of premature relaxation
ECB Executive Board member Isabel Schnabel warned against successive interest rate cuts in June and July.
The ECB Executive Committee said it was appropriate to cut interest rates in June, but there is no need to cut interest rates in July!
ECB Executive Director Schnabel said that cutting interest rates in June is appropriate, but according to current data, there seems to be no need to cut interest rates in July; a cautious attitude should be taken. Inflation risks are still biased upward. If the easing process is put ahead, there is a risk of premature easing.
French Unemployment Rate Remains at 7.5% in Q1
France's unemployment rate stood at 7.5% in the first quarter, unchanged from the prior three-month period, the statistics agency Insee said Friday. Analysts expected a 7.4% rate for the quarter.
ECB's Schnabel Says July Cut Doesn't Look Warranted
European Central Bank Executive Board member Isabel Schnabel warned against back-to-back interest-rate cuts in June and July.