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EURGBP: EUR to GBP in holding pattern ahead of EU recovery talks
The EUR to GBP (EURGBP) pair rose slightly after the ECB delivered its interest rate decision. The pair also reacted to the UK employment numbers and the upcoming EU leaders meeting scheduled for tomorrow. The pair is trading at 0.9085, which is slightly below Tuesday’s high of 0.9115. As I wrote earlier today, analysts were not expecting any major changes in today’s interest rate decision by the European Central Bank (ECB). The bank left interest rate unchanged as most traders were expecting. It also left the quantitative easing program unchanged. It expects to retain these policies for as long as they are ... (full story)