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fxJul 9, 2026, 11:58 AM

EUR/GBP Forecast: Limited Correction Before Further Decline

EUR/GBP consolidates after hitting a new one-year low, with analysts expecting a limited correction before further downside.

EURGBP

EUR/GBP is trading in a narrow consolidation pattern on Thursday, following a sharp bearish move that took the pair to a fresh one-year low in the past couple of sessions.

The outlook points to a possible limited corrective bounce in the near term, but the broader trend remains bearish, with expectations of a renewed push lower once the consolidation phase ends.

Source: FXStreet Forex News