The post EUR/GBP flat lines above 0.8600 as traders await ECB, BoE rate decisions appeared on BitcoinEthereumNews.com.

The EUR/GBP cross holds steady near 0.8635 during the early European session on Tuesday. Traders prefer to wait on the sidelines ahead of the European Central Bank (ECB) and the Bank of England (BoE) interest rate decisions later on Thursday. Also, the UK employment report will be released.  The ECB is expected to leave its benchmark deposit rate unchanged at 2.0% at its March meeting on Thursday. Interest rate futures are fully pricing a rate hike by the end of July and about a 55% odds of a second one by the end of December. But economists polled by Reuters March 9-13 stuck to their long‑held view of steady rates. ECB Governing Council member Peter Kazimir said that the Iran war and its impact on inflation risk are forcing the ECB to raise interest rates sooner than anticipated. The BoE is anticipated to keep interest rates on hold at 3.75% when it meets on Thursday. Economists at Oxford Economics said a worst-case scenario in which oil rises to $140 a barrel would push inflation significantly higher and tip the UK economy into a mild recession. Traders will take more cues from the UK jobs data on Thursday. The ILO Unemployment Rate is projected to remain steady at 5.2% in January. Any signs of improvement in the UK labor market could lift the Pound Sterling against the Euro in the near term.  Euro FAQs The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions,…

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Filed under: News - @ March 17, 2026 6:25 am