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fxAug 19, 2026, 4:19 PM

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