EUR/GBP Hovers Near One-Year Low Below 0.8550
EUR/GBP is trading flat near 0.8530, pressured by rising US-Iran tensions and a rebound in oil prices, keeping it below one-year lows.
EURGBP
The euro continues to struggle against the British pound, hovering near one-year lows. On Thursday, EUR/GBP is trading flat around 0.8530, with bullish attempts remaining subdued.
Weighing on the pair are escalating tensions between the US and Iran, which have supported a rebound in crude oil prices. This geopolitical risk has dampened appetite for the euro, while the pound finds relative support.
The pair remains firmly below the key 0.8550 level, and traders are watching for any catalyst that could break the current range.
Source: FXStreet Forex News