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June 11, 2025

EUR/GBP Reaches One-Month High – Bullish Sentiment Builds

The EUR/GBP cross has surged to a one-month high, testing the 0.8465-0.8470 resistance zone during early Asian trading on Wednesday. This uptick is fueled by growing expectations of a rate cut from the Bank of England. Despite the current momentum, follow-through buying is limited, leaving the market in anticipation of further developments. Investors should watch for signals that may confirm if this bullish trend will continue or if market corrections are on the horizon.

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