Euro gains modestly against British Pound after ECB delivers widely expected hike

EUR/GBP trades with a modest positive bias on Thursday but stays within the narrow range that has been in place for more than a week.
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European Central Bank: Two more hikes remain the baseline – Nordea

Nordea analysts Jan von Gerich and Tuuli Koivu note that the European Central Bank (ECB) delivered a 25bp rate hike and signalled a bias toward further tightening as its projections show Eurozone inflation above target through 2028.
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