The EUR/GBP pair has declined for the third consecutive session, hovering around 0.8570 during Thursday’s European trading. This downtrend is attributed to market expectations regarding the Bank of England’s (BoE) stance on interest rates. According to a Reuters poll, the consensus suggests that the BoE may delay rate cuts until the next quarter, bolstering support for the Pound Sterling (GBP). Bank of England Chief Economist Huw Pill’s recent comments reinforced this sentiment, indicating that rate cuts are not imminent despite nearing conditions that would warrant such actions. The UK’s 10-year Gilt yields have ... (full story)