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05.05.2020 Eur/GBP Daily Analysis

Eur/GBP is trading at 0.8708, it fell down with 0.0055 mainly because of german court ruling regarding the coronavirus. The German court criticized

Yazar: editor_1

Yayınlanma: 5 Mayıs 2020 17:43

Güncellenme: 9 Kasım 2024 18:46

05.05.2020 Eur/GBP Daily Analysis

Eur/GBP is trading at 0.8708, it fell down with 0.0055 mainly because of german court ruling regarding the coronavirus. The German court criticized the ECB’s coronavirus crisis-induced bond-buying. The court ruled that the German government and parliament had failed to ensure that the ECB's purchases were "proportionate". The court, however, pointed out that this decision does not concern the current EU or ECB financial aid provided in the coronavirus crisis. This, therefore, made the euro become weak against the pound hence the reason why the pair is trading low today.
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