ING suggests that the EURGBP pair, currently at 0.85836, may experience a slight decrease and potentially reach around 0.8520 in the next few trading sessions.

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EURGBP Chart by TradingView

Having traded as high as 0.87 last week on the back of the softer UK CPI data, EUR/GBP is now back at 0.8570. Economists at ING analyze the pair’s outlook.

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