On Wednesday, the euro fell to a minimum of two months due to forecasts that the European Central bank could open the way to easing monetary policy. The British pound is trading close to the minimum for two years against the background of the prospects of “hard” Brexit. At 8:30 London time, the euro fell 0.17% to 1.1131, the lowest since May 31. On Tuesday, the euro fell by more than 0,5%, and for this week by 0,7%.
The depreciation of the euro accelerated with the approach of the ECB meeting on Thursday. Another negative factor for the euro was the fall in the value of the pound to a minimum of two years after Boris Johnson won the right to become the next British Prime Minister on Tuesday, which increased the chances of a hard Brexit.