The Euro falls against the British Pound as soft Eurozone economic data weighs on the currency pair near 0.8650.
The Euro extended losses against the British Pound, trading near 0.8650 after failing to hold above 0.8700. Weak Eurozone economic data contributed to the currency’s underperformance among G8 peers on Wednesday.
Earlier resistance at 0.8700 proved unsustainable as the Euro struggled to maintain momentum. The move reflects broader concerns over Eurozone growth and monetary policy divergence with other major economies.
Market focus remains on upcoming economic releases to gauge further direction for the EUR/GBP pair.