The EUR/GBP pair extends its losing spree for the fifth trading session on Tuesday.
EUR/GBP extends its losing spree as the ECB seems prepared to cut interest rates again in September. The BoE is expected to follow a gradual interest rate cut approach. Investors await the flash Eurozone HICP data for August. The cross weakens as the Pound Sterling strengthens on expectations that the process of policy-easing by the Bank of England in the remaining year would be slower than other central bankers from its major peers.
On the Eurozone front, the Euro underperforms as investors seem confident that the European Central Bank will cut interest rates again in the September meeting. Easing price pressures in the shared currency region and uncertain economic outlook have prompted ECB rate cut expectations. For fresh interest rate cues, investors await the Eurozone flash Harmonized Index of Consumer Prices data for August, which will be published on Friday.
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