The Euro remains under pressure versus the Pound near 0.8550 despite modest USD weakness pushing EUR/USD to 1.1440.
The Euro traded below 0.8550 against the British Pound on Thursday, failing to sustain bullish momentum despite broader USD softness. EUR/USD climbed to session highs near 1.1440 but stayed within its weekly range, reflecting persistent bearish sentiment in the cross pair.
Earlier in the week, EUR/GBP tested resistance at 0.8550 but lacked follow-through, mirroring its struggle to break above key technical levels. The pair has remained range-bound for much of the month, with downside risks prevailing amid diverging monetary policy outlooks between the European Central Bank and the Bank of England.
Market reaction was muted, with traders awaiting fresh catalysts to drive directional moves in either currency pair.