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fxAug 18, 2026, 6:44 AM

Euro Holds Gains Against Pound as UK Jobs Data Disappoints

EUR/GBP traded with a modest bid near 0.8550 in early European hours after UK employment data weighed on the British pound.

EURGBP

EUR/GBP posted modest gains near 0.8550 during early European trading on Tuesday. The British pound attracted sellers against the euro following the latest UK employment data.

The disappointing UK labour market report kept sterling on the defensive, while the euro held its advance ahead of upcoming sentiment surveys.

Traders were bracing for the ZEW Survey from Germany and the Eurozone later in the session, which could provide further direction for the pair.

Source: FXStreet Forex News