EUR/GBP Hits One-Year Low Near 0.8560 Despite Positive Eurozone Data
The Euro extended losses against the British Pound on Monday, sliding to session lows below 0.8560 and approaching one-year lows after a Friday rebound failed to hold.
The Euro (EUR) remains under pressure against the British Pound (GBP), trading near one-year lows on Monday. The pair slipped below 0.8560 during the session after pulling back from highs reached on Friday.
This move lower comes despite the release of positive economic data from the Eurozone, suggesting that currency markets are prioritizing other factors — likely ongoing divergence in monetary policy expectations or relative economic outlooks between the two regions.
The current level marks a fresh low for the pair in over twelve months, extending the downtrend seen in recent weeks.
Source: FXStreet Forex News