EUR/GBP continues to trade with a bearish inclination as the pound remains supported by expectations that the Bank of England will need to step up its efforts to reduce monetary stimulus in its meeting next week. The pair has been struggling for the last month, having come off almost 3% since hitting a new two-month high on September 29th. It seemed like buyers had managed to find support around 0.8420 last week but comments from BOE Governor Bailey about the need to act to contain inflation have only added more fuel to the recent GBP bullishness.
