EUR/GBP Stays With Losses Near 0.8350 After ECB Reduces Interest Rates By 25 Bps
October 17, 2024 at 09:52 AM EDT
EUR/GBP sees more downside after the ECB cut key borrowing rates by 25 bps. This is the second straight interest rate cut by the ECB as Eurozone inflation cools down. Soft UK inflation data has prompted BoE dovish bets.
