EUR/GBP: Dampened Talks of Further Stimulus Boosts the Euro

The Euro is likely to maintain its gains opposite the British pound today after European Central Bank President Mario Draghi delivered an optimistic outlook for the Euro Zone economy later this year, dampening talk of additional rate cuts. Meanwhile, the Bank of England also kept interest rates and its Asset Purchase Program on hold yesterday, but analysts warn of another sluggish year ahead.

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Economics Weekly by Lloyds TSB

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