Published: 2025-12-23T10:05:01.000Z
GBP/USD, EUR/GBP: No Reaction of Some Cabinet Members Wanting EU Customs Entry
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GBP is edging higher again against the EUR on Tuesday.
GBP firmed again against the EUR, as the technical bounce continued and traders talk about only one BOE rate cut in 2026. Charts suggest scope to 0.8670. No signs of reaction to reports suggesting that some of the Labour government cabinet support a UK return to the EU customs union to boost growth. Such a move would be GBP positive, but reports suggest PM Stamer opposes the idea.
