Pound Steady Ahead of ECB Rate Decision

The Pound-to-Euro exchange rate remained relatively stable on Wednesday as markets prepared for the European Central Bank's (ECB) interest rate decision.

The Eurozone data calendar was quiet, and traders showed little appetite to make major moves before the ECB announcement on Thursday.

Rising tensions between Europe and Russia, along with political discontent in Germany, limited the Euro's potential for further gains.

The Pound also remained subdued, with a lack of fresh UK economic data giving Sterling no clear catalyst.