EUR/GBP Achieves New Highs as German Trade Balance Beats Expectations

Monday, 8 July 2024, 08:20

EUR/GBP gains momentum and surpasses the key level of 0.8450 after Germany's Trade Balance figure exceeds forecasts. The currency pair reaches a peak near 0.8460 in the early European trading session, signaling a bullish sentiment driven by the positive economic data. Traders are closely monitoring this development for potential further upward movement in the exchange rate.

FXStreet — EUR/GBP Achieves New Highs as German Trade Balance Beats Expectations

EUR/GBP Surges Above Key Level

EUR/GBP edges higher to near 0.8460 during the early European session on Monday.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

EUR/GBP Surges Above Key Level

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