💨 Abstract

On Wednesday, sterling dropped to a two-month low due to softer-than-expected UK inflation data, encouraging expectations of further rate cuts by the Bank of England. Meanwhile, the euro hit a 10-week low before the European Central Bank meeting. The pound dropped under $1.30, the euro rose against the pound, and the dollar remained strong against the euro and yen.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖