[Rabobank: GBP May Continue to Weaken Against EUR Until Next Year] Rabobank FX strategist Jane Foley stated that pressure on the Bank of England to cut interest rates has placed GBP in a weaker position against EUR. The UK's October inflation data came in below expectations, boosting optimism about easing price pressures. The Bank of England's narrow 5-4 vote to keep interest rates unchanged also supported this sentiment. Additionally, GBP faces pressure from the anticipated tax hike in the November 26 budget. It is expected that the EUR/GBP exchange rate will continue to rise into next year.