EUR/GBP loses ground due to uncertainty surrounding the upcoming European parliamentary elections. ECB President Christine Lagarde is expected to speak at the 30th Dubrovnik Economic Conference on Friday. UK Consumer Inflation Expectations came in at a 2.8% increase compared to a previous reading of a 3.0% rise. The Euro struggles due to uncertainty surrounding the upcoming European parliamentary elections.
In the United Kingdom , Consumer Inflation Expectations showed a slight decrease, with expectations for a 2.8% increase over the next 12 months, compared to a previous reading of a 3.0% rise. Traders await the upcoming Bank of England monetary policy meeting scheduled for Thursday. It is widely expected that the BoE will maintain interest rates at 5.25%. Investor attention will primarily be on the number of policymakers likely to support a rate-cut decision.
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