Open Demo Account
Home / Market Update / Forex Market / EUR/GBP Surges Despite Positive GDP Data in UK

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.

Tags

Check Also

Yen

Dollar Slides as Japan Steps In and Global Markets Reprice Risk

The US dollar came under heavy pressure on Thursday in a dramatic trading session shaped …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends