FXStreet reports that economists at Rabobank discuss EUR/GBP prospects.

“The forthcoming BoE meeting on February 4 may bring some additional colour to the inflation outlook in the UK. The fact that the UK’s lockdown could extent into March and given evidence that its rapid vaccine programme is still a way off from halting the pandemic in the country, we see scope for additional gains in the pound to be limited near-term. We retain our forecast that EUR/GBP is likely trade in the 0.89/0.88 region in the coming months and may not see a return to the 0.87 level until later in the year.”