The European Central Bank left its basic interest rate unchanged at a level of 0.75%, as it was expected, on Thursday. The deposit interest rate of the ECB, which is paid on deposits parked at the Central Bank, also remained unchanged at 0%.
During the yesterday trading session, the single currency reacted to the news with a slight increase from 1.3102 before data to 1.3117 against the U.S. dollar.
Besides, the ECB President Mario Draghi held its monthly press conference yesterday, which had a significant impact on market sentiment.
A little earlier in the same day, the Bank of England also left the lending rate unchanged at 0.50% and its program of asset purchases at 375 billion pounds.