EUR/GBP extends its gains, trading around 0.8520 during the early European session on Friday.
EUR/GBP gains ground as Office for National Statistics released lower-than-expected UK Retail Sales data on Friday. UK Retail Sales declined by 2.3% in April, marking the largest decrease in four months. The Euro continues to advance since the improved Eurozone Manufacturing PMI released on Thursday. The decline in the Pound Sterling supports the EUR/GBP cross, which could be attributed to lower-than-expected Retail Sales data from the United Kingdom . UK Retail Sales declined by 2.
data indicates that financial markets have priced in a 25 basis-point cut in June. EUR/GBP Overview Today last price 0.8518 Today Daily Change 0.0001 Today Daily Change % 0.01 Today daily open 0.8517 Trends Daily SMA20 0.8565 Daily SMA50 0.8566 Daily SMA100 0.8561 Daily SMA200 0.8603 Levels Previous Daily High 0.8527 Previous Daily Low 0.85 Previous Weekly High 0.8614 Previous Weekly Low 0.8555 Previous Monthly High 0.8645 Previous Monthly Low 0.8521 Daily Fibonacci 38.2% 0.
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