EUR/GBP Weakens Ahead of Anticipated BoE Meeting
The EUR/GBP cross is witnessing downward pressure for the third consecutive day. Currently trading around the 0.8300 mark, it hovers just above a near one-month low recorded the previous day. The market sentiment tilts favorably towards bearish traders, indicating potential further losses. With the Bank of England’s meeting approaching, traders should remain alert to possible trading signals that could influence this currency pair significantly. Continued analysis of economic indicators will be vital during this period of anticipated volatility.