The pound is looking to the BoE<\/a> which is expected to announce a 50 basis point rate hike, taking the rate to 4% its highest level since 2008. The move comes as inflation remains stubbornly high above 10%. New BoE projections could see a slight improvement as gas prices have fallen<\/p>\nThe ECB is also set to hike rates by 50 basis points, taking the rate to 3% even as inflation shows signs of cooling. Headline inflation fell to 8.5% YoY in January, down from 9.2%. Although core inflation is proving to be sticky.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is heading lower on Thursday, extending losses from the previous session and dropping to a 2-week low. The pound is looking to the BoE which is expected to announce a 50 basis point rate hike, taking the rate to 4% its highest level since 2008. The move comes as […]<\/p>\n","protected":false},"author":163946598,"featured_media":5348,"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-113782","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
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