The EUR/GBP pair has seen a recovery as bets on a rate cut by the Bank of England have weighed on the sterling. This shift in sentiment has led to the euro gaining strength against the British pound. Traders are closely monitoring the situation as they assess the potential impact of a rate cut by the BoE on the sterling’s value. The ongoing uncertainty surrounding Brexit and the UK economy has also contributed to the recent fluctuations in the EUR/GBP pair. Investors are advised to stay informed and cautious as they navigate the ever-changing foreign exchange market.
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