ECB Cuts Rates As Expected
The ECB has cut interest rates in the Euro Zone by the half percent widely anticipated by the market. Rates in Europe now stand at 2%, one half percent higher than here in the UK.
This is the ECB's the fourth cut a little over three months.
The forex markets were little moved by the announcement, which was largely already priced in. The pound was worth 1.11 against the euro at 2pm GMT.
This is the ECB's the fourth cut a little over three months.
The forex markets were little moved by the announcement, which was largely already priced in. The pound was worth 1.11 against the euro at 2pm GMT.
