The pound euro (GBP\/EUR) exchange rate is rising modestly after losses yesterday.<\/p>\n
The euro is falling despite hotter-than-expected German inflation, which came in at 2.8% YoY in May, up from 2.4%. The data was ahead of forecasts of 2.7%.<\/p>\n
The ECB is still likely to cut interest rates in June. However, the future path for rate cuts is less clear.<\/p>\n
Eurozone inflation data is due on Friday.<\/p>\n
The pound is inching higher in quiet trade amid a lack of fresh catalysts. The UK economic calendar is quiet, and no BoE officials are speaking.<\/p>\n
UK political parties continue to lay out their policies for the election on July 4th.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising modestly after losses yesterday. The euro is falling despite hotter-than-expected German inflation, which came in at 2.8% YoY in May, up from 2.4%. The data was ahead of forecasts of 2.7%. The ECB is still likely to cut interest rates in June. However, the future path for […]<\/p>\n","protected":false},"author":163946598,"featured_media":5583,"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-117816","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