BoE left rates unchanged at 4.75%<\/a>, but the vote split was more dovish than expected, at 6-3, against the 8-1 forecast.<\/p>\nPolicymakers are concerned about strong wage growth keeping inflation sticky. They are also concerned about stalling growth, projecting 0% GDP in Q4.<\/p>\n
The euro is rising despite the ECB guiding for further rate cuts in the coming year.<\/p>\n
The ECB cut rates last week and is expected to do so at a faster pace than the BoE in 2025.<\/p>\n
German PPI data is due tomorrow and is expected to rise 0.3% MoM.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is falling after 3-days of gains. The pound is falling after the BoE left rates unchanged at 4.75%, but the vote split was more dovish than expected, at 6-3, against the 8-1 forecast. Policymakers are concerned about strong wage growth keeping inflation sticky. They are also concerned about stalling […]<\/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-118724","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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