The Euro falls for a fourth straight session against the Pound, dropping 0.6% this week amid broader risk-off sentiment.
The Euro extended its decline against the British Pound, reaching a 10-month low near 0.8610 on Wednesday. The EUR/GBP pair has fallen 0.6% this week, marking its fourth consecutive daily loss.
The move reflects broader risk aversion in markets, with investors favoring the Pound amid economic uncertainty. The pair last traded at these levels in late 2023, following a period of relative stability.
No immediate market reaction was specified, but the trend underscores shifting sentiment toward the Eurozone’s economic outlook.