Euro Edges Higher Against Pound as ECB Outlook Offsets UK GDP
EUR/GBP rose on Thursday, with hawkish ECB expectations outweighing stronger-than-expected UK growth figures.
EURGBP
EUR/GBP advanced on Thursday even after UK GDP came in above expectations.
The common currency found support from expectations that the European Central Bank will maintain a hawkish policy stance. That overshadowed the latest UK growth data, which would normally be supportive for the British pound.
No further details on the size of the move or specific GDP figures were provided in the report.
Source: FXStreet Forex News