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ECONOMY

EUR/GBP Rally Potential Seen by Deutsche Bank

Deutsche Bank analysts see further upside potential in EUR/GBP. Political uncertainty in the UK is weighing on the pound.

James Taylor
ByJames Taylor- Senior Editor
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EUR/GBP Rally Potential Seen by Deutsche Bank
Photo: Prepared by Bond.az

Bond.az -- The British pound faced sudden selling pressure on Thursday evening as domestic political headlines triggered a surge in risk premiums.

According to a Deutsche Bank research report published on May 14, 2026, the currency's calm broke following news that Greater Manchester Mayor Andy Burnham may contest a parliamentary seat and potentially bid for Prime Minister.

The sharp reaction comes after UK local elections, which analysts noted would leave political uncertainty lingering over the summer.

Deutsche Bank's metric shows the risk premium in EUR/GBP climbed back above 2%. Strategists see further rally to 0.8775, pushing the pound's risk premium to pre-Budget levels.

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EUR/GBP Rally Potential Seen by Deutsche Bank | Bond.az