ECB's Schnabel Warns Against Lowering Rates Too Quickly: ARD

The European Central Bank shouldn’t lower borrowing costs too rapidly as the retreat in euro-zone inflation is “bumpy,” according to Executive Board member Isabel Schnabel.

BNN BloombergMay 24 06:55 ET

ECB's Nagel Says Likelihood of June Cut Is Winning Traction

The European Central Bank is on track to lower borrowing costs at its next meeting, according to Bundesbank President Joachim Nagel.

BNN BloombergMay 24 06:46 ET

ECB's Schnabel: A June Rate Cut Is Likely

Reuters reported comments delivered by European Central Bank (ECB) policymaker Isabel Schnabel during an interview conducted on May 16.

FXStreetMay 24 05:31 ET

Pound Sterling Shows Resilience After UK Retail Sales Slump in April

Pound sterling edged higher against the US dollar but fell against other major currencies in early European trade on Friday after retail sales slumped more than expected in April with broad-based weakness across most sectors.

MT NewswiresMay 24 04:13 ET

EUR/GBP Remains Above 0.8500 Due to Lower-than-expected UK Retail Sales

EUR/GBP extends its gains, trading around 0.8520 during the early European session on Friday.

FXStreetMay 24 03:30 ET

ECB Won't Cut in September After June Move, Danske Says

Danske Bank no longer predicts the European Central Bank will lower interest rates in September, citing sticky inflation and the strong start to 2024 by the euro-zone economy.

BNN BloombergMay 24 03:16 ET