Concerns loomed large on India’s double standard for its neutral stand on Ukraine–Russia war and sanctions on Russia. Analysts apprehended...
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- FINANCIALMIRROR.COM - A La Une - 19/Jun 17:26
Euro lower as BoE remains cautious
The Euro edged lower against the British Pound on Thursday, snapping its recent winning streak after the Bank of England held its key interest rate steady at 4.25% in its June policy meeting. The central bank’s decision, delivered against a backdrop of sticky inflation and global uncertainty, provided fresh support for Sterling. The EURGBP currency pair slipped about 0.11% on the day, easing back from Wednesday’s multi-week high of 0.8456 to trade around 0.8540 during the American session. The Pound remains underpinned as traders digest the BoE’s cautious guidance on the outlook for rates and inflation. The BoE voted 6–3
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