Euro Weakens vs Pound as Softer Inflation, Divided ECB Weigh
EUR/GBP fell 0.21% to around 0.8550 on Thursday, pressured by softer Eurozone inflation data and divisions within the European Central Bank.
EURGBP
The euro weakened against the British pound on Thursday, with the EUR/GBP pair trading around 0.8550, down 0.21% on the day.
Recent Eurozone inflation data came in softer than expected, reinforcing expectations of a more cautious European Central Bank. Divisions within the ECB over the pace of monetary tightening are also weighing on the single currency.
No other major economic releases are scheduled for the session, leaving the pair to trade on sentiment and central bank outlook divergence.
Source: FXStreet Forex News