EUR/GBP continues to move on the upward path for the third successive day, trading higher around 0.8670 during the European trading hours on Monday. T
his upward movement is supported by investor expectations of an improvement in the United Kingdom's ability to navigate the consequences of higher interest rates set by the Bank of England ., after raising rates to 5.25%, has temporarily halted its policy-tightening measures to protect the economy from further slowdown. The anticipation of the UK's learning curve in managing the impact of elevated interest rates is contributing to the positive momentum in the EUR/GBP pair.
Traders and investors are closely monitoring any indications or statements from the ECB for insights into the central bank's stance on addressing current economic challenges. The upcoming week promises a series of speeches from European Central Bank officials, with particular attention likely focused on President Christine Lagarde's address at a monetary policy conference scheduled for Wednesday.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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