Forex
EUR/GBP Stuck Near 0.8600 as ECB Rate Hike Looms
The EUR/GBP exchange rate remains capped near 0.8600 as buyers struggle to extend Tuesday's rebound.
Expectations of an ECB interest rate hike support the Euro, while the BoE is likely to remain on hold.
The technical outlook stays mildly bullish, although the 100-day SMA limits the immediate upside.
Momentum indicators retain a modest bullish bias, with the RSI at around 58 indicating positive momentum without overbought conditions.