Back To Top

January 17, 2025

EURGBP Holds Steady Near 0.8450 Amid Weak UK Retail Sales Data

EURGBP maintains a strong position near the 0.8450 mark following the release of disappointing retail sales data from the UK. The recent figures reflect a decline in consumer spending, which raises concerns about the overall economic health of the region. This weaker performance leads analysts to anticipate potential shifts in monetary policy by the Bank of England. The euro continues to show resilience against the pound amid these developments. Traders should keep an eye on upcoming economic indicators that could influence the performance of this currency pair. Stay informed with the latest updates from Entreprenerdly.com.

Prev Post

GBPCAD Wave Analysis: Reversal Signals Emerge

Next Post

GBPJPY Drops to Near 189.50 Following Weak UK Retail Sales…

post-bars
Mail Icon

Newsletter

Get Every Weekly Update & Insights

[mc4wp_form id=]

Leave a Comment