EUR/GBP Holds Steady Near 0.8450: ECB’s Easing Cycle Ends
The EUR/GBP exchange rate remains strong, trading around 0.8430 during the Asian trading hours. This stability follows the European Central Bank’s unexpected 25 basis point rate cut, which reduced rates to 2.0% from 2.25%. As the ECB signals an end to its easing cycle, the Euro has gained traction against the Pound. Traders should keep an eye on further developments as this new monetary landscape could influence future trading scenarios significantly.