The EURGBP cross remains steady around 0.8420 on Tuesday during European trading. The European Central Bank rate cut and lower growth forecasts might...
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Maroc - FINANCIALMIRROR.COM - A La Une - 01/Sep 11:58
EURGBP sees third weekly fall on firm ECB rate cut bets
The EURGBP concluded the week in red for the third straight week. The currency pair remains on the backfoot as the Euro continues to weaken, with financial market participants seeming to be confident that the European Central Bank will cut interest rates again in September after announcing the first in the June meeting. The ECB is almost certain to reduce its key borrowing rates in September as price pressures in the Eurozone economy have declined expectedly in August and its economic outlook is uncertain, with growing fears that the German economy could enter a recession. The flash Eurozone Harmonized Index
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