EUR/GBP Declines Below 0.8350 as Traders Brace for More ECB Rate Cuts
The EUR/GBP cross trades around 0.8360 during the Asian hours on Friday, reflecting losses from previous sessions. The Euro’s depreciation follows increasing expectations for further interest rate cuts from the European Central Bank (ECB). This development adds to the currency’s vulnerability, adding pressure to its recent gains. Market participants closely monitor economic indicators and ECB decisions that shape Euro movements. The outlook remains uncertain as traders assess potential impacts around future monetary policy adjustments. The sentiments surrounding the Euro will drive movements in this currency pair as developments unfold.
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