Pound Sterling rallies after UK retail sales jump.
Euro Resumes Lower Following ECB Rate Cut
- Category: EUR
Euro exchange rates extended losses after markets bet the European Central Bank (ECB) was willing to accelerate the pace it cuts interest rates.
Pound Sterling has recovered from recent lows against the Euro ahead of the European Central Bank's (ECB) interest rate decision and the fading impact of a surprisingly soft UK inflation report.
The Euro is under pressure against the Dollar and Pound, with France's revised inflation data for September sharpening focus on Thursday's European Central Bank decision.