EUR USD climbs sharply, trading at about 1.0520 during Thursday’s European session. This uptick occurs as traders await the European Central Bank (ECB) interest rate verdict slated for 13:15 GMT today. The market widely expects the ECB to reduce its Deposit Facility rate by 25 basis points to 3%. This decision reflects the ECB’s efforts to control inflation, given that current price pressures seem manageable and the economic landscape continues to present challenges. Traders should prepare for volatility based on the ECB’s announcements.