The pound euro (GBP\/EUR) exchange rate is rising, adding to last week’s gains, and has reached a 5-month high.<\/p>\n
The pound is being lifted by expectations that the BoE will cut interest rates after the ECB, given that UK inflation is still double the central bank’s 2% target.<\/p>\n
The central bank’s interest rate decision is on Thursday.<\/p>\n
The euro has fallen in recent weeks as the market believes that the ECB will be among the first major central banks to cut interest rates.<\/p>\n
Concerns over the outlook for the economy and cooling inflation sees the market considering a March rate cut as possible despite the ECB\u00a0 not mentioning rate cuts at the meeting last week.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising, adding to last week’s gains, and has reached a 5-month high. The pound is being lifted by expectations that the BoE will cut interest rates after the ECB, given that UK inflation is still double the central bank’s 2% target. The central bank’s interest rate decision is […]<\/p>\n","protected":false},"author":163946598,"featured_media":5324,"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":{"0":"post-115696","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-gbp","11":"tag-gbp-eur"},"acf":[],"yoast_head":"\n