EUR GBP Set to Face Headwinds as Upward Movement Slows Near 0.8350
The EUR GBP currency pair has managed slight gains after facing two consecutive days of losses, now trading around 0.8340 during Asian hours on Thursday. However, fears of downside risks loom. The stronger-than-expected inflation report from the UK has heightened the Bank of England’s cautious stance on future interest rate cuts. Traders should remain vigilant as these factors could limit upward momentum in the EUR GBP cross.
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