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EUR/GBP Price Forecast: Bulls challenge 0.8600 resistance after weeks of consolidation

EUR/GBP trades flat around 0.8600 on Friday and is heading for a weekly gain as the Bank of England’s (BoE) wait-and-see stance weighs on the British Pound (GBP

EUR/GBP trades flat around 0.8600 on Friday and is heading for a weekly gain as the Bank of England’s (BoE) wait-and-see stance weighs on the British Pound (GBP).

The BoE has remained on hold so far this year, leaving its benchmark rate unchanged at 3.75% at last week’s meeting.

Market commentary only, not advice. 49 words on the desk. Trading involves risk. Headline credited to FXStreet.

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