EUR/GBP nears two-week high as UK services inflation cools
EUR/GBP is trading near 0.8570, supported by a softer British pound after cooling UK services inflation data.
EURGBP
EUR/GBP is on the front foot on Wednesday, approaching a two-week high around the 0.8570 area. The euro is holding firm while sterling trades softer.
The cross has cleared its recent range, helped by a run of bullish 4-hour candles. Cooling UK services inflation is weighing on the pound, supporting the pair's advance.
Traders are watching whether the move can hold above the prior range as EUR/GBP tests its strongest levels in two weeks.
Source: FXStreet Forex News