EUR/GBP has shown a recovery from recent declines, trading around 0.8780 during Wednesday's European session. This movement comes as the Pound Sterling weakens following disappointing Consumer Price Index (CPI) data from the UK for November, which has led to a downturn in investor sentiment towards the GBP.
As the currency pair approaches the key psychological level of 0.8800, traders are now turning their attention to upcoming German IFO survey data, which could further influence market dynamics. The potential for continued volatility in the GBP may create opportunities for traders looking to capitalize on shifts in the exchange rate amid a backdrop of mixed economic signals.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 08:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.