EUR/GBP remains steady around 0.8650 as investors look ahead to UK GDP figures
EUR/GBP Holds Steady as Markets Await Central Bank Signals
The EUR/GBP currency pair is experiencing limited movement near 0.8650 during Tuesday's European session. Investors are closely watching for new developments regarding the monetary policy outlooks from both the Bank of England (BoE) and the European Central Bank (ECB).
Market expectations suggest that the BoE will continue its cautious approach to easing policy, as employment concerns in the United Kingdom persist and inflation remains well above the central bank’s 2% objective.
According to a monthly report released Monday by the Recruitment and Employment Confederation (REC) and KPMG, demand for labor stayed subdued in December, even as wage growth picked up pace.
Looking ahead to 2025, the job market is projected to stay under pressure, with companies slowing down recruitment to manage higher employer contributions to social security programs.
On the data front, traders are anticipating the release of the UK’s monthly Gross Domestic Product (GDP) figures for November on Thursday. The economy is forecast to show no growth, following a 0.1% decline in October. The same day will also bring updates on Industrial and Manufacturing Production for November.
For the Euro (EUR), broader market sentiment appears to be the main influence, as the ECB is expected to keep its monetary policy unchanged in the near future, with inflation hovering close to its 2% target.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlockDAG Rewinds to $0.001 – A 50× Window With Just 10 Days Left: Is This the Highest ROI Crypto of 2026?

Failure to reach a consensus explains six-hour shutdown of the Swiss network.

S&P 500 fluctuates today amid uncertainty at the Fed and Wall Street reacting to Trump.

Italian antitrust authority investigates Microsoft games for abusive monetization.

