UK GDP and manufacturing output exceeded forecasts in March, limiting further declines in the Euro against the Pound.
The Euro traded flat around 0.8660 against the British Pound on Thursday, stabilizing after recent losses. UK economic data showed stronger-than-expected GDP growth and manufacturing production in March, bolstering the Pound.
Earlier expectations had anticipated weaker figures, but the positive prints provided support. However, rising political uncertainty in the UK has prevented a sharper drop in the EUR/GBP pair.
Markets remain cautious as investors weigh the impact of economic resilience against broader political risks.