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fxJul 20, 2026, 6:32 AM

EUR/GBP Dips as Pound Gains Ahead of Burnham Nomination

The euro edged lower against the pound on Monday, trading at 0.8495, as a rebound from 13-month lows failed to sustain momentum, with focus on Andy Burnham's nomination.

EURGBP

The euro (EUR) slipped against the British pound (GBP) on Monday, trading at 0.8495 at the time of writing. The pair's decline followed a failed consolidation after last week's rebound from 13-month lows at 0.8455.

Market attention is turning to the nomination of Andy Burnham, a UK political figure, which may be contributing to sterling's relative strength. The lack of sustained upward momentum for the euro suggests ongoing bearish pressure in the EUR/GBP cross.

Source: FXStreet Forex News