Euro under pressure on dovish ECB

EURGBP extended its gains for the second successive day, trading around 0.8430 during Tuesday’s European session. However, the upside potential for the EURGBP cross may be limited, as the Euro is under

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Cyprus to outpace euro area growth

The Cypriot economy is expected to grow by 2.5% GDP in 2023, well above the euro area average of 0.5%, said Central Bank governor Constantinos Herodotou. Herodotou said the economy showed notable resilience in 2022, recording

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Euro Parliament begins Cyprus spyware probe

A delegation from the European Parliament’s inquiry committee to investigate the use of Pegasus software (PEGA) and equivalent surveillance spyware launched a joint mission in Cyprus and Greece. The fact-finding mission seeks to establish a

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Markets shaky ahead of ECB meeting

By Lukman Otunuga, Senior Research Analyst at FXTM A sense of caution has taken hold of financial markets as investors adopt a guarded stance ahead of another week packed with key economic

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