EUR/GBP recovers intraday losses ahead of BoE policy decision – FXStreet
The EUR/GBP pair has managed to recover from its intraday losses as investors await the Bank of England’s policy decision. The pair is currently trading higher as traders brace themselves for the upcoming announcement.
The Bank of England is set to announce its latest policy decision, which is expected to have an impact on the currency market. Investors are closely monitoring the central bank’s moves as they look for clues on its future monetary policy stance.
The EUR/GBP pair has seen some volatility in recent trading sessions, but has managed to bounce back from its earlier losses. Traders are keeping a close eye on any developments that could affect the exchange rate between the Euro and the British Pound.
Overall, the market sentiment is cautious as traders await the Bank of England’s policy decision. The EUR/GBP pair is currently trading higher as investors position themselves ahead of the central bank’s announcement.