EUR/GBP Gains Post German Retail Sales Report; What to Watch
The EUR/GBP currency pair retraces earlier losses. It trades around 0.8290 during the European session on Wednesday. The Euro showed stability as Germany, the Eurozone’s largest economy, reported a stronger-than-expected retail sales growth of 2.5% year-over-year in November. This result surpassed the anticipated 1.9% and the previous month’s growth of 1.0%. Market analysts are now assessing how this data could impact future trading decisions.
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