EUR/GBP CLIMBS TOWARD 0.8600 AMID GROWING HOPES OF EASING TRADE TENSIONS
EUR/GBP CLIMBS TOWARD 0.8600 AMID GROWING HOPES OF EASING TRADE TENSIONS
EUR/GBP has risen for the fifth consecutive session, reaching approximately 0.8600 during European trading hours on Wednesday.
The rally is driven by improved global trade sentiment following U.S. President Donald Trump's indication of a willingness to negotiate with international partners, raising hopes of de-escalating trade tensions.
The BoE's recent decision to maintain interest rates at 4.75%, with a 6-3 vote split, has contributed to the GBP's weakness, further supporting the EUR/GBP cross.
