EUR/GBP (euro/British pound sterling) EUR/GBP (euro/British pound sterling)
EUR/GBP (euro/British pound sterling)

An official from the European Central Bank (ECB) has recently voiced his stance on the bank's interest rates, following a decision to raise them by 25 basis points. He expressed satisfaction with the current state of affairs and indicated that there is no expectation for a rate hike at the upcoming policy meeting, according to statements made on Thursday. – The pound extended its gloomy slide against the dollar continued Monday, just days ahead of a widely expected Bank of England rate increase amid fears that a hike will come with side order of dovishness as the central bank is likely to signal that its rate-hike cycle is coming to an end.

11 May, 2023 @ 07:28 by Yahoo! Finance -- The Bank of England increased its key interest rate by another 25 basis points on Thursday, bringing borrowing costs up to 4.50% - their highest level since 2008.

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