European Central Bank

Wages are front and centre for European Central Bank deliberations over when to cut interest rates, and looming collectivised wage increases will ensure the first cut won't be until late in 2024.

The Pound to Euro exchange rate rose to test 1.15 on Thursday after a European Central Bank Governing Council member confirmed further rate hikes were not required.

The Euro was softer after the European Central Bank (ECB) brought an end to a long-running rate hiking cycle by maintaining interest rates at existing levels while taking note of a recent drop in inflation.

The Euro fell against the British Pound, U.S. Dollar and the majority of major currencies after the European Central Bank (ECB) raised interest rates but signalled it had reached the end of the hiking cycle.

The Euro recovered ground and ended the day higher against both the Dollar and British Pound following a report that suggested the European Central Bank (ECB) would release a higher-than-expected inflation report on Thursday.

The Euro to Dollar exchange rate entered the final session of the week testing a key support level underpinning its June rally on the charts while potentially risking losses toward 1.0900 or below if inflation figures go the right way for the European Central Bank (ECB) in some of the continent’s largest economies.

The European Central Bank (ECB) raised its three main interest rates by a further 25 basis points, as expected, but gave no clear indication it would hike interest rates again.

Knot says Eurozone inflation to fall back to 2.0% target in 2024.

The inflation situation faced by the Bank of England (BoE) is in one way potentially a sign of things to come for the European Central Bank (BoJ) and any other central banks presiding over monetary frameworks where the transmission of interest rate changes into the real economy is slower than it is in the UK. 

The Euro to Dollar exchange rate climbed back toward 1.07 in the penultimate session of the week after Eurostat figures suggested continental inflation fell further than was expected in a May outcome that could mean the single currency has scope for a rebound toward 1.11 in the weeks ahead.  

The Euro to Dollar exchange rate edged higher in the final session of the week as financial markets contemplated Euro Area economic data and what it might mean for a European Central Bank (ECB) interest rate policy that is now increasingly dividing analyst and economist opinions about the outlook.

A sinking Euro and softer Dollar pulled the single currency lower across the board on Thursday after the European Central Bank (ECB) met expectations for a smaller increase in interest rates but warned of further action if economic data doesn't respond better, and in short order, to the steps taken so far.

The ECB's latest interest rate hike was not required to ensure inflation falls back to the 2.0% target and its impact will result in the Eurozone's economy falling into recession.

The Euro fell against Pound Sterling and the Dollar after the European Central Bank (ECB) opted to raise interest rates 25 basis points.

European inflation ticked higher in April for the first time since September but the more closely watched measure of core inflation edged lower in a Eurostat report that has uncertain implications for European Central Bank (ECB) monetary policy ahead of Thursday's interest rate decision. 

The Euro to Dollar exchange rate entered the new month procrastinating around the 1.10 handle but would likely struggle to sustain itself above that level unless this week's central bank policy decisions provide the single currency with a clearer interest rate advantage over the greenback.

The Pound to Euro exchange rate approached the year's highs last week and could attempt to reach its best levels since December 2022 if Euro area inflation ebbs again and the European Central Bank (ECB) adopts a less hawkish monetary policy stance in the days ahead. 

The Euro to Dollar exchange rate stalled before remaining buoyant near intraday highs after the European Central Bank (ECB) raised all of its interest rates but said little about how it would proceed through the months ahead, leading to a variety of responses from analysts and economists.

Many European share markets were higher ahead of the North American open on Thursday including those in Switzerland, France and Germany, in a potentially favourable outcome for TS Lombard strategists who've tipped large U.S. bank stocks as a short-term buy and European government bonds as a sell.  

The Pound to Euro exchange rate climbed while the EUR/USD dipped from intraday highs after the European Central Bank (ECB) pushed ahead with an earlier announced increase in all of its interest rates but said little about how it might be likely to proceed in the months ahead.