EUR/GBP hovers around 0.8560 during the Asian session on Monday, struggling to hold ground due to the possibility of an interest rate hike by the Euro
Investors await ECB Lagarde’s speech, seeking further cues on the economic outlook.
EUR/GBP hovers around 0.8560 during the Asian session on Monday, struggling to hold ground due to the possibility of an interest rate hike by the. The cross pair is under downward pressure as investors exercise caution, fearing that additional monetary tightening by the ECB could potentially tip the Eurozone's economy into a recession.
Additionally, the member of the ECB Governing Council, Pierre Wunsch points to ongoing inflation as a factor for advocating the necessity of further tightening of monetary policy. Pierre stated "I'm leaning towards the idea that we might need to take further action," during a radio interview broadcast by Bloomberg on Saturday.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Price Analysis: Euro sellers need validation from 1.0750 and ECB’s LagardeEUR/USD remains on the back foot around 1.0780–75 after breaking the key support line stretched from March, now immediate resistance around 1.0780 dur
Read more »
EUR/USD: US holiday to restrict Euro moves, further downside hinges on 1.0750 break and ECB’s LagardeEUR/USD bears keep the reins at the lowest level in a week, after falling heavily in the last two consecutive days. That said, the Euro pair remains p
Read more »
ECB’s Wunsch cites persistent inflation to back the need to “do a little bit more”“I’m inclined to say we maybe need to do a little bit more,” said the Belgian Central Bank Governor and European Central Bank (ECB) Governing Council
Read more »
Angels’ stunning salary dump still left them above luxury tax thresholdFive of the six waived players were picked up by other teams, taking more than $5 million off the payroll, but Grichuk went unclaimed.
Read more »
Solana price could move 10% north if it stays above this levelSolana (SOL) price has been on a steady flow since late August, as the broader market reacted to the US Securities and Exchange Commission (SEC) delay
Read more »
Video shows smoke billowing into sky above St. Petersburg oil depotAuthorities contained the fire to an area of 800 square meters, the Russian government said in a statement.
Read more »