Usd to gbp exchange rate november 2018: Euro-Dollar Rate Charts Warn of Move Lower as ECB Makes for the Armoury

“EUR/USD drifted lower towards 1.1075 on rising expectations of more aggressive ECB easing and unwinding of some long EUR/ GBP  positons,” says Elias Haddad, a strategist at Commonwealth Bank of Australia . “We anticipate a 10bps cut in the deposit rate to ‑0.50%. We also believe the ECB could introduce more TLTROs or a tiered deposit system on excess reserves to reduce the adverse effect of negative interest rates on Eurozone banks’ net interest income. Restarting asset purchases cannot be ruled out.”

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