The Euro (EUR) has pulled back from earlier highs against the British Pound (GBP) as traders remain cautious ahead of the UK Autumn Budget set for release on Wednesday. Currently, the EUR/GBP exchange rate stands at approximately 0.8805, down from an intraday peak of 0.8819. Sterling has shown resilience, maintaining stability against major currencies.
Further limiting Euro gains, the latest German IFO data failed to provide the expected boost, leaving investors in a wait-and-see mode. As market participants position themselves ahead of key announcements, the interplay between the upcoming UK budget and Eurozone economic indicators will likely dictate future movements in the EUR/GBP currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 14:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.