During Thursday's European session, the
EUR/GBP pair declines towards the 0.8550 level amidst uncertainty surrounding
the European Central Bank's (ECB) upcoming interest rate announcement scheduled
for 4:15. It's widely expected that the ECB will
maintain its Main Refinancing Operations Rate at 4.5% for the fourth
consecutive time.
Although the market anticipates no change in interest rates,
investors are eager to learn about the ECB's timeline for potential reductions
in key lending rates.
