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Forex

EUR/GBP Trading Sideways Amid Fading Bullish Traction

Guavy AI Editorial Team
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USD
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The EUR/GBP pair has been trading sideways around 0.8500 after easing from Thursday's highs near 0.8580. Analysts at Rabobank expect further range trading in EUR/GBP over the coming weeks, with a mild upside bias later in the year as fiscal realism weighs and BoE rate hike risk is further priced out.

The pair has remained contained within its previous day's range due to muted market volatility ahead of Federal Reserve Chairman Kevin Warsh’s speech at Jackson Hole. Rabobank maintains a 3-month EUR/GBP forecast of 0.87.

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