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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The European Central Bank is expected to raise interest rates this Thursday to combat inflation, becoming the first major central bank to do so since the energy crisis triggered by the Iran war. Alongside the rate hike, the ECB is anticipated to provide an upward revision of its inflation forecasts. These developments place the stability of the EUR/GBP pair at risk ahead of the crucial June policy meeting.