EUR/GBP Trading Sideways Amid Fiscal Realism and Reduced Rate Hike Risk

The EUR/GBP exchange rate is currently trading sideways around 0.8500, as investors await Federal Reserve Chairman Kevin Warsh's speech at Jackson Hole.

Rabobank analysts expect further range trading in EUR/GBP over the coming weeks, with a mild upside bias later in the year due to fiscal realism and reduced BoE rate hike risk.

The EUR/GBP pair has retreated to levels near 0.8570 from Thursday's highs right below 0.8580, with marginal gains on the weekly chart.