ECB’s Nagel: Politics with a steady hand required on monetary policy amid tariff turmoil

European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said in a Handelsblatt interview published late Tuesday, “’politics with a steady hand’ is currently required to deal with the uncertainty unleashed by US President Donald Trump's latest tariff threat”

“The effect on prices of both the geopolitical environment and the trade conflict with the United States was ‘extremely uncertain’", he added.

Jul 16, 2025

EUR/GBP pares gains above 0.8650 after hotter UK CPI inflation data

The EUR/GBP cross trades in positive territory near 0.8675 during the early European session on Wednesday. However, the Pound Sterling (GBP) recovers some lost ground against the Euro (EUR) after the UK Consumer Price Index (CPI) inflation report.

GBP/JPY Price Forecast: Crucial upside barrier emerges near 200.00

The GBP/JPY cross trades with mild gains around 199.45 during the early European session on Wednesday. The hotter-than-expected UK June CPI inflation report provides some support to the Pound Sterling (GBP) against the Japanese Yen (JPY).