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Cypriot banks brace for impact of ECB rate cuts
1729355378 from BANKING
… anticipate lower monthly payments, banks are seeking ways to maintain … previous rate cuts, Cypriot banks’ profits for the first … variable interest rates on the banks’ loan portfolios. While … To navigate these challenges, banks are planning to increase lending …
EUR/GBP declines to year-to-date lows after UK Retail Sales, ECB meeting
1729258796 from FXStreet
EUR/GBP declines to fresh year-to-date lows of 0.8295 on Friday as the Pound Sterling (GBP) appreciates against the Euro (EUR) following the release of data showing British shoppers spending extravagantly in September.
EUR: Losing its foothold? – Rabobank
1728993357 from FXStreet
Although the EUR has still managed to outperform most of its other G10 peers in the month to date, the perception that the ECB may have become more concerned about the Eurozone growth backdrop may be punching holes in the single currency’s armour, Rabobank’s FX analyst Jane Foley notes.
Euro zone banks see rebound in loan demand as rates fall, ECB survey shows
1728980229 from BANKING
… third quarter of 2022, banks reported a moderate net … compress lending margins, and banks reported the first negative impact … said. Credit standards, or banks' loan approval criteria, … mortgages, credit standards eased and banks saw further easing ahead. …
EUR/GBP Price Analysis: Near-term bias tilts bearish as cross gives up 20-day SMA
1728921460 from FXStreet
In Monday's session, the EUR/GBP declined and settled lower at around 0.8350, below the 20-day Simple Moving Average (SMA), a development that worsens the technical outlook and reinforce the short-term bearish bias The EUR/GBP pair has been unable to sustain gains above the 0.8400 resistance level, indicating that the bulls are struggling to regain control.
EUR/USD weakens on China factors, ECB meeting on the horizon
1728909049 from FXStreet
EUR/USD exchanges hands in the 1.0910s on Monday, falling on the day as the US Dollar (USD) attracts safe-haven flows on the back of increasing geopolitical risks stemming from Taiwan, where the Chinese People's Liberation Army (PLA) is conducting drills.
European cuts hit Irish banks at a different rate
1728832143 from BANKING
… matter — lending spreads at Irish banks remain robust, even now that … of the ledger, where Irish banks did indeed cut their offering … going on here. First, Irish banks don’t need more deposits … per cent last week. Irish banks didn’t push rate increases …