LONDON (Reuters) – The euro remained stable on Thursday, as did euro zone government bond yields after the European Central Bank left interest rates unchanged and did not indicate a September cut was imminent.
The euro was last at $1.09325, after previously trading around $1.09278. Against the pound, the euro rose 0.12% on the day to 84.20 pence, compared to 84.175 pence before the ECB decision.
President Christine Lagarde will hold a news conference at 1245 GMT that could shed more light on the details of the central bank’s decision and policymakers’ thoughts on the likely path for interest rates.
German two-year bond yields, which are the most sensitive to changes in interest rate expectations, rose 1.3 basis points on the day to 2.789%, unchanged from their levels before the decision.
The difference between the two- and ten-year interest rates has narrowed slightly, from -35.3 basis points previously to -34.9 basis points.
European shares rose 0.4%.
