Euro to dollar exchange today: Pound-to-Euro Exchange Rate Week Ahead Forecast: Break Above 1.1080 Opens Door to Further Gains

“Attracting more attention will probably be Friday’s flash CPI stats for the Eurozone as a whole. Inflationary pressures have cooled in recent months as the economy slowed, and inflation expectations have also declined dramatically, threatening to drag actual inflation even lower. That is why investors expect the European Central Bank to act with force in September and cut rates deeper into negative territory, as well as launch another round of Quantitative Easing,” says Marios Hadjikyriakos, an investment analyst at XM.com who concludes the outlook does not bode well for the single currency.

Leave a Reply

Your email address will not be published. Required fields are marked *