Euro at 3-week low against pound on spring rate cut talks - Breaking The News

Euro at 3-week low against pound on spring rate cut talks

8 March

1 min read

EPA/LAWRENCE

The euro weakened against the British pound sterling to reach its lowest level in a little over three weeks on Friday as several European Central Banks put spring rate cuts back on the table.

Earlier today, European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau stressed that an easing of monetary policy could be expected sometime between April and June.

The euro fell 0.28% compared to the British pound, trading at 0.85229 at 12:33 pm ET.

euro pound currencies

Related Stocks

EUR/GBP

Turkish lira at record lows against dollar, euro

19 March

The Turkish lira slid on Wednesday landing at all-time lows against the United States dollar and the euro amid political turmoil in the country.Earlier, Turkish police detained Istanbul Mayor Ekrem Imamoglu over a corruption probe. The arrest comes a few days ahead of his being named the Republican People's Party's (CHP) candidate for the 2028 presidential election. It also comes only a day after the mayor's diploma was annulled by Istanbul University, a move...

Dollar nears 6-week low against yen

27 January

The dollar sank compared to the yen on Monday, reaching a low unseen since December 17. On Friday, the Bank of Japan raised interest rates to 0.5%, taking them to their highest level in 17 years. The country's business activity improved slightly in January, although manufacturing lagged behind services. Meanwhile, the dollar has been unsettled by the start of United States President Donald Trump's first week in office and his threats of widespread tariffs,...

Euro at highest against dollar since December 17

24 January

The euro climbed against the dollar on Friday, hitting a five-week high following the latest economic data. The Eurozone's private sector returned to growth in January, according to a preliminary PMI report. Although manufacturing remains in contraction, it is moving toward a recovery, led by an unexpected jump in German business activity.The euro traded 0.90% higher against the dollar and sold for 1.05125 at 10:23 am CET. It also gained 0.27% against the...

Euro hits highest against pound since late August

20 January

The euro jumped to its highest point against the British pound since late August 2024 on Monday.The report revealed that Germany's producer inflation rose for the second consecutive month, highlighting economic resistance that appeared to bolster the euro's upward movement. The European Central Bank could factor in the data as it prepares for its upcoming monetary policy decision. Meanwhile, the pound has been on a downward streak as a result of the...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.