The euro enters interest rate week in a much better position against sterling and the dollar compared to last Monday.
Like Britain, the eurozone will find out its latest interest rate on Thursday afternoon. The ECB is scheduled to announce its decision shortly after the BoE. Likewise, the eurozone’s the rate is also expected to increase.
This follows the Bank’s October meeting which saw key interest raised by 75 basis points, bringing borrowing costs in the euro area to their highest levels in over a decade.
