The euro and the pound surged and then retreated on the central bank decision day

On Thursday (December 18), at the New York close, the euro fell 0.15% against the US dollar, quoted at 1.1724. At 20:25 Beijing time (after the Bank of England announced an interest rate cut), it refreshed the daily low to 1.1713. After the European Central Bank announced to hold steady at 21:00, it quickly rebounded. Following the release of the US CPI data at 21:30, it continued to rise, reaching a daily high of 1.1763 at 21:52 (after the press conference of European Central Bank President Christine Lagarde began), before giving back some gains. The British pound rose 0.06% against the US dollar, quoted at 1.3384, quickly rebounding when the Bank of England announced its interest rate decision, and then gradually rising, refreshing the daily high to 1.3446 at 22:09. The euro fell 0.20% against the British pound, significantly declining at 20:00. The US dollar fell 0.19% against the Swiss franc, quoted at 0.7940