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March 12, 2025

EUR/GBP Weakens as Market Reacts to BoE Speculations

The EUR/GBP currency pair paused its seven-day winning streak, trading around 0.8430 during the European hours on Wednesday. This pullback occurred as the Pound Sterling gained strength, influenced by increasing trader confidence that the Bank of England (BoE) will maintain higher interest rates for a prolonged period. Market participants expect this cautious stance to shape trading behavior moving forward. As developments continue, close attention to any shifts in trader sentiment surrounding BoE policies will be essential for understanding future EUR/GBP trends.

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