EUR/GBP EDGES LOWER ON CONTRASTING GROWTH PROSPECTS

• EUR/GBP falls after Eurozone growth is expected to slow in 2024 whilst UK growth revised up. 
• ECB concludes its March policy meeting and in the UK the Chancellor delivers the spring budget. 
• The technical outlook is bearish but with important caveats. 

The Euro (EUR) is down over a tenth of a percent, trading in the 0.8540s against the Pound Sterling (GBP) on Thursday, on the back of diverging growth forecasts for the Eurozone and UK economy.