EUR/GBP rises to near 0.8350 after weak UK CPI data
Portfolio Pulse from
UK's February Consumer Price Index (CPI) increased by 2.8% year-over-year, below the expected 2.9%, causing the EUR/GBP currency pair to appreciate. The data suggests potential monetary policy shifts, with the Bank of England holding rates steady and the European Central Bank considering further rate cuts.
March 26, 2025 | 7:45 am
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NEGATIVE IMPACT
The UK's CPI data showing slower inflation and the Bank of England's cautious stance on rate changes could impact the Pound Sterling.
Lower-than-expected inflation and the BoE's hesitance to cut rates suggest potential weakness in the Pound Sterling, which could negatively affect the FXB ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
The Euro is experiencing downward pressure due to expectations of potential interest rate reductions by the European Central Bank in April.
ECB's potential rate cuts and comments from key officials suggest a bearish outlook for the Euro, which could negatively impact the FXE ETF in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70