EUR/GBP Stuck in Tight Range Amid Geopolitical Risks

The EUR/GBP currency pair has been stuck in a narrow range, oscillating between 0.85 and 0.86 since this week's trading session.

This consolidation reflects market uncertainty as traders weigh geopolitical risks and central bank policy expectations.

Geopolitical tensions, particularly the ongoing conflict in Eastern Europe, have kept investors cautious, limiting both upside and downside moves in the cross.

The euro has found some support from expectations of further European Central Bank rate hikes, while the pound is underpinned by the Bank of England's similar tightening stance.