EUR/GBP has traded in a tight range around the mid-0.8500s on Friday, little changed on the day. The latest Eurozone figures came in close to forecasts, and they did nothing to push the pair out of the range it has held all week.
Eurozone Gross Domestic Product (GDP) grew 0.4% in the second quarter, matching expectations, with the annual rate at 1%. Employment rose 0.1% on the quarter, also as forecasted. Nothing in the release surprised, and the numbers are backward-looking, so the reaction was slight.
The pair has been going sideways for several sessions with the Euro (EUR) steadying after an earlier run of losses. United Kingdom (UK) data…
Read the full article at FXSTREET.COM
