EUR/GBP rebounds near 0.8450 as investors raise bets on BoE rate cuts – FXStreet

The EUR/GBP pair has bounced back near the 0.8450 level as investors are increasing their bets on potential rate cuts from the Bank of England. This rebound comes amid uncertainty surrounding the UK economy and the possibility of lower interest rates to stimulate growth. Traders are closely monitoring developments and adjusting their positions accordingly.