EUR/GBP trades higher around 0.8680 during the Asian session on Thursday. The uncertainty of the next policy action by the Bank of England (BoE), whic
EUR/GBP hovers below the psychological level at 0.8700. The uncertainty over the BoE's further policy actions put pressure on the Pound Sterling. ECB is expected to hold further interest rate hikes could weigh on the Euro. h, in turn, is seen as a key factor acting as a headwind for the EUR/GBP pair. The most recent UK consumer inflation figures unveiled on Wednesday revealed that the headline CPI held steady at 6.7% in September, defying expectations for a slight dip to 6.6%.
On the Euro docket, the speculations suggesting that additional rate hikes by the European Central Bank may not be on the horizon could reinforce the negative outlook for the EUR/GBP pair. The recent data from Eurostat revealed that the Harmonized Index of Consumer Prices in the Eurozone stood at 0.3% in September.
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