OANDA Senior Market Analyst Craig Erlam discusses EURGBP following the ECB and BoE meetings.
03-02-2022 13:01 GMT
by Craig Erlam
European Central Bank (ECB) news
The European Central Bank (ECB) is the central bank for the Eurozone, responsible for monetary policy. Its primary objective is to maintain price stability within the 20 member states using the euro. The ECB uses various monetary policy tools to guide the Eurozone economy and support sustainable growth.
The ECB is expected to maintain monetary policy at today's meeting, but investors have been snapping up euros ahead of the meeting, with EUR/USD up 1.26% this week. The upswing in eurozone inflation, which was reinforced by the January record-breaking CPI report, has raised expectations that the ECB will implement a rate hike before the end of 2022.
03-02-2022 04:55 GMT
by Kenneth Fisher
28-01-2022 16:29 GMT
by Edward Moya
14-01-2022 12:34 GMT
by Craig Erlam