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fxJun 18, 2026, 11:54 AM

Euro Rallies Against Pound After BoE Holds Rates

The Euro strengthened against the British Pound after the Bank of England left interest rates unchanged, extending its recovery.

EURGBP

The Euro (EUR) accelerated its recovery against a weaker British Pound (GBP) on Thursday, following the Bank of England's (BoE) decision to keep interest rates unchanged. The move reflects market reaction to the central bank's cautious stance amid ongoing economic uncertainty.

Traders are now focusing on any further guidance from the BoE, while the Euro continues to benefit from relative stability in the eurozone. The EUR/GBP pair has been trending higher in recent sessions, with the pound under pressure from mixed UK economic data.

Key levels to watch include the immediate resistance near 0.8600, with support holding around 0.8550. The BoE's next meeting will be closely monitored for any shift in policy direction.

Source: FXStreet Forex News