Euro consolidates losses against the British Pound, following upbeat UK data
The Euro (EUR) remains practically flat around the 0.8660 area against the British Pound (GBP) on Thursday. UK Gross Domestic Product (GDP) and Manufacturing Production figures beat expectations in March, but the growing political uncertainty is keeping the pair from dropping further.
The Euro may continue to struggle against the British Pound due to positive UK economic data, but political uncertainty could limit further gains. A slight bearish trend is likely as traders assess the impact of these factors.
The Euro (EUR) remains practically flat around the 0.8660 area against the British Pound (GBP) on Thursday. UK Gross Domestic Product (GDP) and Manufacturing Production figures beat expectations in March, but the growing political uncertainty is keeping the pair from dropping further.
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