EUR/GBP Trades With Caution Near Five-Month Low Of 0.8620, ECB-BoE Policy In Focus
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The EUR/GBP pair is trading near a five-month low of 0.8620 as investors await monetary policy announcements from the ECB and BoE. Both central banks are expected to maintain current interest rates, with the ECB likely holding its Deposit Facility Rate at 2% amid stable inflation. The preliminary Eurozone HICP data for January is anticipated to show a slower annualized increase of 1.7%. Meanwhile, the BoE is expected to keep rates at 3.75%, influenced by recent inflation data and previous rate cuts.
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