During the early European session on Thursday, the EUR/GBP currency pair strengthened, trading near 0.8785, as the Pound Sterling faced downward pressure. This movement comes in response to softer-than-expected UK inflation data, which has heightened expectations for a possible rate cut by the Bank of England (BoE).
Traders are closely monitoring the upcoming decisions from both the European Central Bank (ECB) and the BoE, as these could significantly influence exchange rates. The recent data has led to a shift in market sentiment, favoring the Euro over the Pound, and positioning the EUR/GBP cross for potential further gains as economic conditions evolve.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 07:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.