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EUR/GBP Surges Despite Positive GDP Data in UK

M. Ali 12 November, 2020 7:40 pm Forex Market, Market Update

The Euro (EUR) is surging against a weakening British Pound (GBP), despite industrial production in the Eurozone declining during September and the UK’s GDP rebounding during the third quarter (Q3) of the year.

The EUR/GBP pair is up by 0.88%, trading at 0.8986.

The pair has been moving today in a range between 0.8904 and 0.8990.

The lockdown measures in the UK and negative expectations for the post-Brexit trade deal are weighing on the Sterling.

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