EUR/GBP holds below 0.8350 ahead of ECB's Lagarde speech
Portfolio Pulse from
The EUR/GBP currency pair is experiencing downward pressure around 0.8335, influenced by expectations of ECB rate cuts and easing UK inflation. Traders anticipate the ECB to potentially cut rates twice more by December, while UK inflation slowed to 2.8% in February, increasing odds of a Bank of England rate cut in May.
March 27, 2025 | 7:30 am
News sentiment analysis
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NEGATIVE IMPACT
The Euro ETF might experience volatility due to anticipated ECB rate cuts and potential trade policy uncertainties.
ECB's potential rate cuts and uncertain trade environment suggest negative short-term pressure on the Euro ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70