EUR/GBP Gathers Strength Above 0.8300 After Downbeat UK Retail Sales Data
November 22, 2024 at 06:08 AM EST
EUR/GBP strengthens to around 0.8330 in Friday’s early European session, up 0.17% on the day. The UK Retail Sales came in at -0.7% MoM in October vs. 0.1% prior. Expectations for more aggressive rate cuts by the ECB might cap the Euro's upside.