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The euro slid on Thursday after the European Central Bank kept its inflation forecast for next year unchanged, suggesting the pace of eurozone tightening could slow. Negative headlines on Greece and wider regional debt concerns have also raised doubts about the prospects for ongoing ECB policy tightening and euro strength. The euro hit a session low at $1.44777 on trading platform EBS and was last at $1.45240, down 0.4 percent.
Against the yen, the euro was down 0.2 percent at 116.356. Against sterling, the euro slid 0.3 percent at 88.62 pence after the Bank of England kept rates on hold at record lows, as widely expected.

Copyright Reuters, 2011

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