A decrease of the indicator value may contribute to the fall in quotes of EUR.
EURGBP
Euro / British pound
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News EURGBP
In May, Spain's inflation rate decreased to 1.9%, falling below the European Central Bank's (ECB) target of 2%. This figure represents the lowest level in seven months. According to Bloomberg, this development sets the stage for a potential interest rate cut next week.
On Thursday, the British pound rose to 1.348 against the US dollar. Experts believe this is due to the uncertain situation with Donald Trump’s trade policy after a court said the tariffs enacted were against the law.
According to Reuters, economists expect Germany's inflation rate to continue declining in May and approach the European Central Bank's 2% target. However, data released on Friday presents an inconsistent picture across the country.
A Bloomberg survey indicates the European Central Bank (ECB) will cut interest rates twice more this year. However, respondents warn the cuts must not be spaced too far apart. Otherwise, markets may conclude the easing cycle has already ended.
Event announcement EURGBP
The EUR publication is expected
Manufacturing PMI
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EURGBP economy
European Union
United Kingdom
Central Bank interest rate
Gross domestic product
Unemployment rate
Retail sales
Trade balance
Inflation
Business confidence