EURGBP struggles near 0.8300 after experiencing two days of gains. This morning, it opened lower in the European market. The drop follows the disappointing release of the GfK Consumer Confidence Survey from Germany. This survey showed a decline to -24.7 for March 2025, a drop from a slightly revised -22.6 in the previous period. The result did not meet market expectations, which anticipated a figure of -21.4. These economic insights indicate growing concerns within the Eurozone market. Investors should monitor this situation closely as it may affect trading strategies and market outlooks.

Keep an eye on further economic indicators from Germany and the broader Eurozone to gauge possible impacts on the EURGBP exchange rate.