BoE left interest rates unchanged<\/a> at 5.25%, defying expectations of a 25 basis point hike to 5.5%. The vote split was very tight at 4-5.<\/p>\nThe rate decision came after UK inflation unexpectedly cooled to 6.7% YoY in August, when economists had expected a rise to 7%. Core inflation fell to 6.2%.<\/p>\n
The euro pushed higher despite consumer confidence falling by more than expected in August highlighting the weak sentiment.<\/p>\n
ECB’s Vujcic said that no more rate hikes are needed if the outlook holds. His comments come after mixed mesages from other ECB policymakers across the week.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate has fallen below \u20ac1.1550 to its lowest level in a month. The pound fell after the BoE left interest rates unchanged at 5.25%, defying expectations of a 25 basis point hike to 5.5%. The vote split was very tight at 4-5. The rate decision came after UK inflation unexpectedly […]<\/p>\n","protected":false},"author":163946598,"featured_media":4872,"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-115071","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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