EUR/GBP Steadies as Weak UK PMIs Offset by Resilient Eurozone Data
EUR/GBP remained little changed on Tuesday after a sharp decline the prior day, as contrasting PMI data from the UK and Eurozone balanced each other.
EURGBP
The EUR/GBP pair traded nearly flat on Tuesday, recovering after a sharp drop the previous session. The earlier slide was triggered by the resignation of UK Prime Minister Keir Starmer, which initially boosted the British pound across the board.
Tuesday's trading saw the euro stabilize as weak UK PMI readings contrasted with more resilient economic activity data from the Eurozone. The conflicting signals left the pair with little net change on the day.
Source: FXStreet Forex News