EX: Euro Exchange Rates Up Today Before ECB Announcement
With the first ECB interest rate decision of the year looming the euro exchange rate is currently trending in a stronger position today.
Although yesterday saw little in the way of direct data for the Eurozone, the common currency nonetheless managed to rally against most of its competitors.
This has been brought about by a general level of optimism regarding this afternoon’s European Central Bank (ECB) Interest Rate Decision, among other developments.
At the time of writing, expectations were that policymakers would make no change to the present policies of the central bank in response to the current economic instability present in the world.
Before the remainder of this report, let's take a look at the forex markets today:
The Pound to Euro exchange rate: GBP/EUR converts at 1.296
The euro to pound exchange rate today is trending at 0.772 EUR/GBP.
The euro to us dollar exchange rate today is trending at 1.091 EUR/USD.
The euro to swiss franc exchange rate: EUR/CHF conversion is 1.096.
