EUR/GBP Struggles Following Mixed German Data
EUR/GBP hovers near 0.8390 as Germany’s fiscal reforms signal major debt restructuring, supporting the euro. German leaders, including the likely new Chancellor Friedrich Merz, have agreed to establish a €500 billion infrastructure fund alongside debt reforms. However, market expectations of accelerated inflationary pressures due to German debt restructuring could reinforce the European Central Bank’s (ECB) […]