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23.06.2020 Eur/Gbp Daily Analysis

Eur/Gbp today is trading at 0.9064, it is trading higher with 0.35% mainly because the Bank of England added to its quantitative easing program last week,

Yazar: editor_1

Yayınlanma: 23 Haziran 2020 20:11

Güncellenme: 3 Mart 2024 06:48

23.06.2020 Eur/Gbp Daily Analysis

Eur/Gbp today is trading at 0.9064, it is trading higher with 0.35% mainly because the Bank of England added to its quantitative easing program last week, but it also suggested that the pace of its asset purchases is set to decline in the remainder of the year. However, sterling failed to gain any support from this due to fears about the depth of the economic downturn, which means the market remains focused on the odds of the Bank cutting rates below zero in the future. In addition, negotiations with the EU over post-Brexit trading relationships have produced little hope for a breakthrough.
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