The European Central Bank (ECB) has decided to keep interest rates unchanged for the fifth consecutive meeting, following significant cuts in previous months.
EUR/CAD trades around 1.6130 on Thursday at the time of writing, virtually unchanged on the day, as markets digest the European Central Bank’s (ECB) policy decision and monitor Canada-specific factors.
The Pound Sterling collapses versus the US Dollar after the Bank of England decided to hold rates but opened the door for further easing, in a decision seen as a “dovish hold.” Worse than expected US jobs data failed to halt the GBP/USD downfall, trades at 1.3529 down 0.90%.