Euro Slides vs. Pound After Strong UK Retail Sales
The euro weakened against the British pound on Friday after UK retail sales data came in better than expected, pushing EUR/GBP below the 0.8665 level.
EURGBP
EUR/GBP fell on Friday following the release of robust UK retail sales figures, which boosted the pound. The pair traded around 0.8665, retreating from one-month highs reached earlier in the session.
The data reinforced expectations of a more resilient UK economy, supporting sterling demand. The euro struggled to regain ground as traders adjusted positions ahead of the weekend.
Source: FXStreet Forex News