EUR/GBP Under Bearish Pressure Below 0.8550 After Two-Week Lows
Euro extends losses against pound for second day as risk appetite wanes and oil climbs.
EURGBP
The euro is under growing bearish pressure against the British pound, remaining capped below the 0.8550 level on Tuesday. The pair touched a two-week low of 0.8536 earlier, extending its decline for a second consecutive session.
A cautious market mood is weighing on the single currency, as fading hopes for a swift resolution to the Iran conflict and climbing oil prices dent risk sentiment. The break below 0.8550 reinforces the near-term downside bias.
Source: FXStreet Forex News