EUR/GBP Churns Near 0.8600 as Central Banks Dominate Headlines

EUR/GBP jostled after BoE rate cote steps towards cuts.

FXStreet18:05 ET

BoE Pill: BoE to Think About Rate Cuts Over Next Few Meetings

In the absence of big disturbances to the economy, we will be thinking about cutting rates over the next few meetings.

FXStreet13:00 ET

European economy grew 0.3% in the first quarter showing signs of recovery

On the evening of the 9th, Beijing time, official European data showed a slight recovery in the European economy in early 2024. Compared to the last three months of 2023, the European economy grew 0.3% month-on-month in the first quarter of this year, as the burden of inflation on consumers eased, and the German economy, which had previously stagnated, began to show signs of moderate recovery. Germany is the largest economy on the European continent. Eurostat's economic growth rate in the first quarter was the strongest since the third quarter of 2022, according to official data released by Eurostat on Tuesday. The Eurozone economy shrank in the last two quarters of 2023

環球市場播報May 9 10:36 ET

Keep “standing still”! The Bank of England has kept interest rates unchanged for 6 consecutive times, hinting at a rate cut this summer

Stresses that interest rate cuts in June depend on upcoming data

Gelonghui FinanceMay 9 10:35 ET

BOE Leaves Interest Rates Unchanged. Why It May Cut Sooner Than the Fed. -- Barrons.com

The Bank of England kept interest rates on hold on Thursday. As with the Federal Reserve, the big question is still when the first cut will come.

Barron'sMay 9 08:44 ET

The Bank of England kept interest rates unchanged for the sixth time in a row and may welcome a window of interest rate cuts in June

The Zhitong Finance App learned that the Bank of England has taken another critical step on the issue of cutting interest rates. The Bank of England voted 7 to 2 at the Monetary Policy Committee (MPC) meeting on Thursday to decide to maintain the benchmark interest rate at 5.25% for the sixth time in a row. Among them, Deputy Governor Dave Ramsden (Dave Ramsden) and Bank of England official Swati Dhingra (Swati Dhingra) voted for immediate interest rate cuts. Bank of England Governor Andrew Bailey (Andrew Bailey) said after the meeting that despite the “encouraging news” of inflation, he expected

Zhitong FinanceMay 9 08:20 ET