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Forex

EUR/GBP Exchange Rate Retreats Amid Steady Policy Expectations

Guavy AI Editorial Team
Instruments
GBP
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The EUR/GBP exchange rate has eased to 0.8575 after being rejected at the 0.8580 area, as lower oil prices and positive Eurozone data limit downside attempts.

Failing to break above the late-July top of 0.8586 might give bears fresh hopes, according to technical analysis.

Rabobank strategists argue that a re-pricing in policy expectations towards steady policy from the Bank of England this year could increase downside pressure on the pound.

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