EUR/GBP continues to decline for the second consecutive session, currently trading around 0.8710 amid a cautious stance from the Bank of England. The exchange rate has been pressured by the central bank's reluctance to make aggressive policy changes, reflecting a broader concern among traders as they navigate the year-end holiday trading environment, characterized by thinner volumes.
Geopolitical tensions are adding to the market's uncertainty, particularly regarding the ongoing Ukraine-Russia situation. As concerns about the peace process resurface, traders are closely monitoring developments that could influence the currency pair’s performance. The current trading conditions suggest that fluctuations may persist, as market participants weigh the implications of both central bank policies and geopolitical risks on the EUR and GBP exchange rates.
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Data Source: FX Killer Analysis Team Updated: 2025-12-30 08:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.