Bullish
EUR/GBP rises to 0.8573 as BoE rate hike expectations diminish
EUR/GBP has climbed to 0.8573, bolstered by diminishing expectations of a Bank of England rate hike. Analysts anticipate the pair may approach 0.870 as market sentiment shifts.
Key points
- ING forecasts EUR/GBP reaching 0.870, citing reduced BoE tightening expectations.
- EUR/GBP consolidates near 0.8570, with key resistance at 0.8585 and support at 0.8530.
- EUR/GBP remains rangebound as investors await Federal Reserve Chair Kevin Warsh’s speech at Jackson Hole.
Sources
- Euro Forecast: Why ING Still Sees EUR/GBP Heading HigherExchange Rates UK · August 27, 2026
- British Pound: Remains under pressure below resistance against Euro – Societe GeneraleTMGM APAC · August 27, 2026
- EUR/GBP Price Forecast: Trading sideways around 0.8500 amid fading bullish tractionTMGM APAC · August 28, 2026
AI-generated from public news sources. Not financial advice.
