The EUR/GBP exchange rate has extended its decline to near 0.8490 during the early European session. The Euro is softening against the Pound Sterling due to dovish remarks from the European Central Bank. Investors are now looking ahead to the upcoming speech by BoE’s Ramsden with keen interest. The outcome of this speech could have significant implications for the currency pair. Market participants must prepare for possible volatility in the EUR/GBP exchange rate.