The EUR/GBP currency pair is trading steadily around 0.8760 in early European session on Friday, holding its ground following the recent interest rate cut by the Bank of England (BoE). This adjustment has impacted market sentiment, leading traders to reassess their positions as the exchange rate remains resilient despite the BoE's decision.
Market expectations are also leaning towards a steady policy stance from the European Central Bank (ECB), which further contributes to the current stability of the EUR/GBP cross. As traders weigh these developments, the exchange rate is likely to remain influenced by the ongoing dynamics of both the UK and Eurozone economies, with potential volatility arising from future economic data releases and central bank communications.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 07:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.