The pound euro (GBP\/EUR) exchange rate is pushing modestly higher after losses yesterday.<\/p>\n
The BoE and the ECB are expected to raise interest rates by 50 basis points, a slower pace of hikes from the 75 basis point hike in the previous meeting.<\/p>\n
The BoE hike would take the benchmark rate to 3.5% as inflation remains elevated and as the UK economy is set to tip into recession this quarter.<\/p>\n
The ECB is also due to slow the pace of rate hikes, to take the benchmark rate to 2%. However, the is the potential fora hawkish surprise as some policy makers remain concerned about the high inflation levels.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is pushing modestly higher after losses yesterday. The BoE and the ECB are expected to raise interest rates by 50 basis points, a slower pace of hikes from the 75 basis point hike in the previous meeting. The BoE hike would take the benchmark rate to 3.5% as inflation […]<\/p>\n","protected":false},"author":163946597,"featured_media":5298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":["post-113582","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n