The EUR/GBP exchange rate remains stuck in a tight range below its 50-day Simple Moving Average (SMA) at 0.8584.
Despite a mild bullish bias from momentum indicators, fading MACD strength suggests the recent recovery may be losing steam.
Rabobank strategists believe there's scope for downside pressure on the British Pound as summer draws to a close, citing steady policy expectations and upcoming budget nervousness.
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