The EUR/GBP currency pair has seen a decline, trading near the crucial level of 0.8700 during the early European session on Monday. This downward movement can be attributed to escalating tensions between Ukraine and Russia, which have prompted investors to adopt a more cautious stance in the forex market.
Additionally, uncertainty regarding the Bank of England's (BoE) forthcoming policy decisions has further weighed on the exchange rate. As traders remain vigilant, the combination of geopolitical unrest and a cautious monetary outlook suggests that the EUR/GBP may continue to face pressure in the near term, impacting trading strategies for both currencies.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-05 08:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.