EUR/GBP consolidates above mid-0.8300s, remains close to three-week low set on Monday
Portfolio Pulse from
The EUR/GBP currency pair remains near a three-week low, driven by the Bank of England's hawkish monetary policy stance and strong UK service sector PMI data. The BoE's resistance to early interest rate cuts and above-consensus economic indicators are supporting the British Pound's performance against the Euro.
March 25, 2025 | 6:00 am
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NEGATIVE IMPACT
The Euro ETF may experience downward pressure due to the Bank of England's hawkish stance and strong UK economic indicators, which are supporting the British Pound.
The ETF tracking the Euro is likely to see price decline due to the current macroeconomic environment favoring the British Pound over the Euro.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70