The EUR/GBP currency pair continues to gain momentum, trading higher for the second consecutive day as market activity remains subdued due to the holiday. Currently, the exchange rate is approaching key resistance levels at 0.8740, reflecting a strong appreciation of the euro against the British pound.
This upward movement in the EUR/GBP can be attributed to a combination of factors, including favorable economic data from the Eurozone and ongoing uncertainty surrounding UK economic conditions. As traders navigate thin trading volumes, the euro's strength may further challenge the current highs, setting the stage for potential volatility in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-31 12:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.