The EUR/GBP currency pair continued to slide, marking its third consecutive day of losses as it approached the 0.8700 level. This downturn follows a series of disappointing manufacturing data from both the Eurozone and the UK, which has weighed on market sentiment and contributed to the pair's downward trajectory. Currently, the exchange rate is fluctuating within a narrow range of approximately 0.8700 to 0.8740.
Traders are closely monitoring the economic indicators, as persistent weakness in manufacturing could signal broader economic challenges for both regions. The lack of significant upward momentum reinforces the notion that the EUR/GBP may remain constrained in this tight range until more favorable data emerges. With the market's focus on potential economic shifts, the implications for future trading activity in the pair could be substantial.
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Data Source: FX Killer Analysis Team Updated: 2026-01-02 10:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.