European Central Bank interest rates will rise.
The European Central Bank is certain to raise its key interest rates for the third time in six months when its meets in Madrid later this week, analysts have said, with ECB watchers merely speculating about the size of the expected move.
Read more »EUR/USD & GBP/USD in Consolidation Phase?
In the past few days we have seen a bearish scenario develop slowly in the EUR/USD and GBP/USD pairs. The USD rallied mostly on Wednesday as both French and Germany’s economy ministry agreed that an ongoing rise in the euro could harm exports. French Finance Minister Thierry Breton even went further by saying that “everything” [...]
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