Forex
ECB Decision Looms Over Pound-Euro Rate
The Pound-Euro exchange rate has been relatively stable ahead of Thursday's European Central Bank (ECB) interest rate decision, trading at €1.1641 on Wednesday.
This lack of movement is likely due to investors bracing for the ECB's decision and waiting for economic data from the UK, which will be released on Friday.
The ECB's forward guidance will be closely watched, with markets expecting a hawkish tone that could lift the Euro. However, some analysts speculate that the bank may strike a more dovish chord following recent turmoil in bond markets across Europe.