Pound Sterling Short Squeeze Has Further Risks as EUR/GBP Turns Higher - ING

Imported headline
Pound Sterling Short Squeeze Has Further Risks as EUR/GBP Turns Higher - ING

Source
ExchangeRates - https://www.exchangerates.org.uk/news/46539/2026-07-17-pound-sterling-short-squeeze-has-further-risks-as-eur-gbp-turns-higher-ing.html

Summary
The Euro to Pound (EUR/GBP) exchange rate is trading around 0.8506 after a sharp Sterling rally pushed the pair to its lowest levels since earlier this year. EUR/GBP has fallen from the 0.86 area at the start of July to a low near 0.8455 before recovering modestly.