Usd to gbp exchange rate historical data: Updated Foreign Exchange Rate Forecasts: EUR, CHF To Rise On Fed Rate Cuts, CAD, AUD, NZD And GBP Vulnerable To Trade Slowdown

“The ECB continues to believe that the second half of the year will be more positive in growth terms compared to the first half. In other words, if there are clear signs that the weakness that has so far been concentrated on the manufacturing sector is spreading to services, the ECB would probably need to revise its growth projections down and ease policy further,” wrote Nordea analysts, adding that given already negative rates, should the ECB find the need to act a 10bp rate cut coupled with restarting the net asset purchases programme will likely be their tools of choice.

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