The EUR/GBP is on track for its third straight weekly decline due to strong expectations of a rate cut by the European Central Bank (ECB). This has put pressure on the euro against the British pound. Traders are closely monitoring the situation as the ECB is expected to take action to stimulate the economy. The market is anticipating a rate cut by the ECB, which has led to a bearish sentiment towards the euro. As a result, the EUR/GBP pair has been heading lower for the past few weeks. Investors are bracing themselves for the potential impact of the ECB’s decision on the currency pair.