The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is not expecting the bloc to fall into recession as it cut borrowing costs once again after figure

Following the ECB's rate cut, the Euro and British pound weakened against the U.S. dollar. See more on global economic strategies and their implications.

The European Central Bank cut its benchmark interest rate from 3.5% to 3.25%, citing falling inflation at 1.8%. This marks the third rate cut since June, amid concerns over economic slowdown in the eurozone and future inflation trends.