ECB interest rate verdict causes FTSE 100 to fall
<img width="250" height="167" src="https://www.leaprate.com/wp-content/uploads/2024/01/ECB-interest-rate-verdict-causes-FTSE-100-to-fall-iStock-1255241088-250×167.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2024/01/ECB-interest-rate-verdict-causes-FTSE-100-to-fall-iStock-1255241088-250×167.jpg 250w, https://www.leaprate.com/wp-content/uploads/2024/01/ECB-interest-rate-verdict-causes-FTSE-100-to-fall-iStock-1255241088-700×467.jpg 700w, https://www.leaprate.com/wp-content/uploads/2024/01/ECB-interest-rate-verdict-causes-FTSE-100-to-fall-iStock-1255241088-768×512.jpg 768w, https://www.leaprate.com/wp-content/uploads/2024/01/ECB-interest-rate-verdict-causes-FTSE-100-to-fall-iStock-1255241088-120×80.jpg 120w, https://www.leaprate.com/wp-content/uploads/2024/01/ECB-interest-rate-verdict-causes-FTSE-100-to-fall-iStock-1255241088-245×163.jpg 245w, https://www.leaprate.com/wp-content/uploads/2024/01/ECB-interest-rate-verdict-causes-FTSE-100-to-fall-iStock-1255241088-500×333.jpg 500w, https://www.leaprate.com/wp-content/uploads/2024/01/ECB-interest-rate-verdict-causes-FTSE-100-to-fall-iStock-1255241088.jpg 1254w" sizes="(max-width: 250px) 100vw, 250px" /><p><span data-contrast="auto">Across the channel, the CAC 40 was down 0.1%, while Frankfurt’s DAX 40 also fell 0.2%. To add to market turmoil, British sterling also fell overnight, opening at $1.2722 this morning from its $1.2744 at market close on Wednesday. The euro slipped from $1.0904 to $1.0888.</span><span data-ccp-props="{"134233117":false,"134233118":false,"201341983":0,"335559738":0,"335559739":0,"335559740":240}"> </span></p>
<p><span data-ccp-props="{"134233117":false,"134233118":false,"201341983":0,"335559738":0,"335559739":0,"335559740":240}"> </span><span data-contrast="auto">Christine Lagarde, President of the <a href="https://www.leaprate.com/news/global-markets-wait-for-ecb-statement-regarding-rate-cuts/" target="_blank" rel="noopener">ECB</a>, hinted at rate cuts during Q2 of 2024, although market sentiment is still holding out hope for cuts to come in March despite Lagarde firmly denying this timeframe. </span><span data-ccp-props="{"134233117":false,"134233118":false,"201341983":0,"335559738":0,"335559739":0,"335559740":240}"> </span></p>
<hr />
<p><a href="https://finaffiliates.us20.list-manage.com/subscribe/post?u=e0dd4d77c259eb270712a4eeb&id=fd200b8f75&v_id=4291&f_id=00946ce6f0" target="_blank" rel="noreferrer noopener"><span lang="EN-GB" xml:lang="EN-GB" data-contrast="none"><span data-ccp-char>Don’t miss out the latest news, subscribe to </span><span data-ccp-char>LeapRate’s</span><span data-ccp-char> newsletter</span></span></a></p>
<hr />
<p><span data-ccp-props="{"134233117":false,"134233118":false,"201341983":0,"335559738":0,"335559739":0,"335559740":240}"> </span><span data-contrast="auto">As well as ECB talks, US economic growth data is due to be released this afternoon at 1500 GMT, with growth domestic figures from the Bureau of Economic Analysis forecast to show a 2.0% US economy growth in Q4 of 2023. Although satisfactory, this figure is still below the 4.9% growth recorded in Q3 of last year. </span><span data-ccp-props="{"134233117":false,"134233118":false,"201341983":0,"335559738":0,"335559739":0,"335559740":240}"> </span></p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/market-news/ecb-interest-rate-verdict-causes-ftse-100-to-fall/">ECB interest rate verdict causes FTSE 100 to fall</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>
Leave a Comment