Euro Slips Against Pound After Eurozone Growth Revision
The euro fell against the British pound on Friday following a downward revision to Eurozone GDP data, which raised concerns about the region's economic recovery. EUR/GBP traded near 0.8642, pulling back from recent gains.
The euro weakened against the pound sterling on Friday after Eurozone growth figures were revised lower, signaling a slower-than-expected recovery.
EUR/GBP traded around 0.8642 at the time of writing, retreating after two days of gains. The downward revision to GDP data dampened sentiment toward the shared currency.
Market participants now await further economic indicators from both regions to gauge relative strength and potential policy divergence between the European Central Bank and the Bank of England.
Source: FXStreet Forex News