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fxJun 29, 2026, 5:50 AM

EUR/GBP Slips as ECB Rate Hike Bets Fade Ahead of Annual Forum

The euro edged lower against the pound on Monday, with EUR/GBP trading near 0.8625, as fading expectations for further ECB rate increases weighed on the common currency. Traders are now focused on the ECB's annual forum later in the day.

EURGBP

The euro retreated modestly against the British pound during early European trading on Monday, with the EUR/GBP cross slipping to around 0.8625.

The decline comes as market expectations for additional rate hikes from the European Central Bank continue to fade, putting pressure on the single currency relative to sterling.

Traders are now watching closely for the ECB's annual forum, scheduled for later today, which may provide fresh policy cues.

Source: FXStreet Forex News