British Pound: Budget uncertainty leaves Sterling vulnerable against Euro - Rabobank

British Pound: Budget uncertainty leaves Sterling vulnerable against Euro - Rabobank

Source: EODHD - https://www.fxstreet.com/news/british-pound-budget-uncertainty-leaves-sterling-vulnerable-against-euro-rabobank-202608120856
Published: Aug 12, 2026 4:56 AM

Rabobank's Senior FX Strategist Jane Foley outlines a cautious stance on UK fiscal prospects and their impact on EUR/GBP. The Burnham government’s planned flexibility in fiscal rules and higher infrastructure spending could mean more gilt supply and tax speculation.

Market context: This update is relevant to EUR traders, with EURGBP as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.