EUR/GBP steady as ECB flags inflation risks, eyes on Eurozone data

Sterling Rises As Markets Reprice UK Rate Path

Sterling advanced last week as markets responded to stronger-than-expected UK economic data, reducing the likelihood of near-term interest rate cuts. The pound gained over 1.5% against the US dollar and moved higher against the euro, reflecting a shift in investor positioning rather than broader weakness in the dollar or euro. January purchasing managers’ indices for the UK came in above expectations, remaining firmly in expansion territory. Ret…

EUR/GBP steady as ECB flags inflation risks, eyes on Eurozone data

EUR/GBP trades without a clear direction on Wednesday, hovering around 0.8690 at the time of writing and virtually unchanged on the day. Trading conditions remain subdued, as a light economic calendar in both the United Kingdom (UK) and the Eurozone encourages investors to remain cautious.

Pound to Euro Forecast: GBP Clings On as EUR/USD Surge Dominates

The Pound to Euro exchange rate (GBP/EUR) is holding just above 1.15, tracking the euro higher rather than drawing support from domestic UK fundamentals as EUR/USD pushes to four-year highs.