EUR/GBP halts its losing streak, trading around 0.8400 during the European hours on Monday.
EUR/GBP rebounds from 0.8386, the lowest level since August 2022. ECB’s Lagarde suggested being mindful that the growth outlook remains uncertain. The British Pound could limit its losses as investors view UK markets more attractive investment destination. The Euro may find support as expectations for further rate cuts by the European Central Bank diminish. Investors foresee inflation pressures remaining steady through 2024.
Interest rates FAQs What are interest rates? Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors. They are influenced by base lending rates, which are set by central banks in response to changes in the economy. Central banks normally have a mandate to ensure price stability, which in most cases means targeting a core inflation rate of around 2%.
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