Business · 57 minutes ago
Pound stays flat against the euro before European Central Bank rate decision
Markets expect Thursday's European Central Bank meeting will end with interest rates rising a quarter-point to 2.5%. Traders are avoiding major bets before the announcement, leaving sterling trading quietly at 85.89 pence to the euro. The Bank of England probably won't follow suit next week, as Friday's data is forecast to show the UK economy stalled in July.
Reported by Reuters · How we write briefs