EUR/GBP weakens as UK CPI lifts GBP; technicals signal downside below 200-day SMA EUR/GBP trades on the back foot on Wednesday as UK inflation data lifts the British Pound (GBP), pressuring the Euro (EUR), with the cross extending losses for the second consecutive day.
EUR/GBP weakens as UK CPI lifts GBP; technicals signal downside below 200-day SMA EUR/GBP trades on the back foot on Wednesday as UK inflation data lifts the British Pound (GBP), pressuring the Euro (EUR), with the cross extending losses for the second consecutive day. At the time of writing, EUR/GBP is trading around 0.8680, its lowest level since March…
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