EUR/GBP hits its lowest level since mid-August at 0.8537, extending a five-day losing streak as the pair fails to overcome resistance at the 0.8600 mark amid shifting sentiment.
EUR/GBP trades lower for a fifth day after rejection from 0.8600, reflecting euro weakness versus a firmer pound on stronger UK growth and hawkish BoE signals.
The EUR/GBP cross continues its downward trajectory, marking a fifth straight day of losses to trade at 0.8537. This decline follows a failed attempt to sustain levels above the 0.8600 psychological barrier, as the euro struggles against a resilient British pound supported by positive UK economic signals.
The pair is under pressure due to euro weakness and a firmer British pound, which has been bolstered by stronger UK growth data and hawkish signals from the Bank of England.