EUR/GBP Extends Decline Below 0.8450 As Uk Economy Rebounds Faster Than Expected
July 11, 2024 at 07:08 AM EDT
EUR/GBP extends the downside near 0.8425 in Thursday’s early European session. The UK GDP grew 0.4% MoM in May after stagnating in April, better than expected. Higher bets on the ECB rate cuts weigh on the Euro and cap the cross’s upside.