- The EUR/GBP descends to about 0.8460 while the sterling pound wins in a bleak market environment.
- The Bank of England (BOE) is almost certain that it will reduce interest rates at 25 basic points, to 4.25%, Thursday.
- The conservative Merz failed to ensure a majority in the lower house of Germany.
The EUR/GBP torque falls abruptly to about 0.8460 during negotiation hours in North America on Tuesday, the lowest level seen in a month. The torque collapses while the sterling pound (GBP) surpasses its peers in a risky risk feeling.
LIBRA ESTERLINA PRICE TODAY
The lower table shows the percentage of pounding sterling (GBP) compared to the main currencies today. Libra sterling was the strongest currency against the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.27% | -0.66% | -0.77% | -0.27% | -0.03% | -0.35% | 0.20% | |
| EUR | 0.27% | -0.40% | -0.50% | -0.01% | 0.23% | -0.08% | 0.47% | |
| GBP | 0.66% | 0.40% | -0.11% | 0.40% | 0.66% | 0.31% | 0.90% | |
| JPY | 0.77% | 0.50% | 0.11% | 0.50% | 0.75% | 0.51% | 1.00% | |
| CAD | 0.27% | 0.00% | -0.40% | -0.50% | 0.24% | -0.08% | 0.50% | |
| Aud | 0.03% | -0.23% | -0.66% | -0.75% | -0.24% | -0.32% | 0.26% | |
| NZD | 0.35% | 0.08% | -0.31% | -0.51% | 0.08% | 0.32% | 0.58% | |
| CHF | -0.20% | -0.47% | -0.90% | -1.00% | -0.50% | -0.26% | -0.58% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the sterling pound from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the GBP (base)/USD (quotation).
The feeling of the market indicates a specific action of assets after the president of the United States (USA), Donald Trump, threatens to impose tariffs on pharmaceutical imports.
This week, the main trigger for the British currency is the decision on the interest rates of the Bank of England (BOE), which will be announced on Thursday. According to Bank of America analysts (Bofa), the BOE will reduce interest rates in 25 basic points (BPS) to 4.25%, with a majority vote of 8-1. The Bofa expects the member of the Monetary Policy Committee (MPC), Swati Dhingra, to vote in favor of a reduction of greater interest rates than usual for 50 BPS.
In addition, market experts believe that the BOE could withdraw their reference to a “gradual loosening of politics” and reviewing their prognosis of the gross domestic product (GDP) in the face of global economic uncertainty due to the tariff policy of President Trump.
In the Eurozone, the conservative leader Friedrich Merz fails to ensure an absolute majority in the Bundestag, falling short by six seats of the threshold of 316, despite the fact that the CDU/CSU block and the Social Democrats total 328 votes in the lower house. This has generated fears of political instability in Germany, resulting in a strong mass sale in the country’s indexes and pressure on the euro (EUR).
Another reason behind the low performance of the euro is the uncertainty about commercial relations between the European Union (EU) and the USA. A Bloomberg report showed on Tuesday that the EU plans to sign up for about 100,000 million euros in imports of US He hopes that the discussions will continue for a month before a final decision is made.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
