Euro down after interest rate cut

This is what happened to the Euro when the European Central Bank announced it was cutting rates to 0.25%.

The Euro dipped after the surprising decision to cut interest rates to a new low.
The Euro dipped after the surprising decision to cut interest rates to a new low. Credit: ITV news

Read: European Central Bank cuts interest rates to record low

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Euro interest rate at record low

The European Central Bank has taken investors by surprise by cutting interest rates in the eurozone from 0.5% to 0.25% - a record low. But the Bank of England kept theirs at 0.5%.