Neutral
EUR/GBP remains steady at 0.8587 as UK Retail Sales beat forecasts.
In the past 24 hours, EUR/GBP has traded within a narrow range, closing at 0.8587. This stability follows the Bank of England's decision to keep interest rates unchanged at 3.75%, with three committee members advocating for a 25 basis point hike. Additionally, stronger-than-expected UK Retail Sales data for August provided support to the British Pound, contributing to the pair's current position.
Key points
- EUR/GBP remains steady at 0.8587 as UK Retail Sales beat forecasts.
- BoE holds rates at 3.75%, with three members voting for a hike.
- UK Retail Sales rise 0.5% MoM in August, exceeding expectations.
Sources
AI-generated from public news sources. Not financial advice.
