The British pound rose against the euro on Wednesday, hitting its highest point in almost two years.
While the European Central Bank (ECB) representatives have shown a growing consensus that it would be plausible to cut interest rates as early as June, the Bank of England (BoE) officials remained at odds, cautious in their predictions on when the loosening of the monetary policy should begin. British Chancellor of the Exchequer Jeremy Hunt previously said that the BoE should take its time when it comes to policy easing.
The euro lost 0.26% against the pound at 10:11 am CET, going for 0.84865.