Pound euro exchange rate rises ECB sets up ‘strong’ stimulus package to boost Euro economy



The pound euro exchange rate edged to €1.094 this morning on speculation that the European Central Bank’s planned stimulus package will be bigger than initially expected. Olli Rehn, a member of the ECB’s rate-setting committee, said: “When you’re working with financial markets, it’s often better to overshoot than undershoot, and better to have a very strong package of policy measures than to tinker.”
Pound euro exchange rate rises ECB sets up ‘strong’ stimulus package to boost Euro economy Pound euro exchange rate rises ECB sets up ‘strong’ stimulus package to boost Euro economy Reviewed by Unknown on 16 August Rating: 5

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