The EUR/GBP currency pair is trading firmly above the 0.8650 level, showing resilience as it hovers around 0.8685 in early European trading on Tuesday. This upward movement follows the release of disappointing UK employment data, which has led to a weakening of the British Pound (GBP) against the Euro (EUR).
Market participants are closely monitoring the implications of the employment figures, which have contributed to the softening of GBP. As trading continues, the exchange rate remains sensitive to further economic indicators from both the UK and the Eurozone, with traders assessing the potential impact on future monetary policy decisions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-20 07:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.