ECB left rates on hold<\/a> and gave no indication when it could start to cut rates.<\/p>\nThe market is pricing in a 76% probability of a 25 basis point rate cut in April and 142 basis points of cuts in 2024, up from prior to yesterday’s meeting.<\/p>\n
The pound is rising after UK consumer confidence rose to -19, a two-year high, up from -22 in December and ahead of forecasts of -21.<\/p>\n
The BoE rate decision is next week, and the central bank is expected to leave interest rates unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising for a fifth consecutive day. The euro is under pressure after the ECB left rates on hold and gave no indication when it could start to cut rates. The market is pricing in a 76% probability of a 25 basis point rate cut in April and 142 […]<\/p>\n","protected":false},"author":163946598,"featured_media":4640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394,2410],"class_list":["post-115675","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-eur-gbp","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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