The pound euro (GBP/EUR) exchange rate is edging lower on Thursday, falling below €1.16.
The euro is edging lower ahead of a speech by ECB President Christine Lagarde. Will she provide any clues over the futures path of rate hikes ahead of next week’s ECB meeting?
Yesterday eurozone Q3 economic growth was revised higher to 0.3% QoQ.
The pound has lacked fundamental drivers this week. The pound is looking ahead to the BoE interest rate decision next week, where the central bank is expected to raise interests again, but by 50 basis points.
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