Notification: Get Real-Time News Alerts For Your Portfolio Today
Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
Trading Articles
Search for the latest articles on trading

EUR/GBP Holds Firm Near 0.8450 Amid Mixed UK Employment Data

James Carter
James Carter

James Carter

James is a seasoned forex trader and financial analyst with...

Full Bio

James Carter

Share

The EUR/GBP pair remains stable near the 0.8450 mark, buoyed by market reactions to mixed UK employment data. Investors balanced weaker-than-expected job growth with a marginal decline in the unemployment rate, creating uncertainty around the UK’s labor market recovery. This has lent support to the euro against the pound, as traders reassess their positions.

UK employment figures revealed a slight drop in the unemployment rate, but the slower pace of job additions raised questions about economic resilience. The data comes amid rising concerns over persistent inflation and potential Bank of England rate hikes, which continue to influence market sentiment. This uncertainty has limited the pound’s ability to gain ground against the euro.

The euro found additional strength from recent optimistic sentiment in the eurozone. Improved economic indicators across key member states have helped maintain the EUR/GBP pair’s upward momentum, despite lingering recession fears. The pair has also benefited from broader stability in European financial markets.

As traders digest the UK employment data, attention now shifts to upcoming inflation figures and central bank commentary. The EUR/GBP’s performance will likely hinge on further clarity around monetary policy moves and economic conditions on both sides of the channel.

Subscribe to our Newsletter

Every week, we’ll send you the latest tips, tricks, reviews and advice on how to trade to a wealthier lifestyle

View more articles by

Related Articles

Read More
Read More
Read More
Read More
Read More
Read More

Brokers Review

No reviews found in this category.

Top Stories
GBPUSD (1)
GBP/USD trades with negative bias around 1.2425 area, US NFP report awaited
EURUSD (1)
EUR/USD weakens below 1.0400 as traders await US NFP release
NZDUSD
NZD/USD gains traction above 0.5650 ahead of US NFP release
USDINR (2)
USD/INR holds steady as traders brace for RBI rate decision
USDJPY (1)
Japanese Yen retreats against USD amid some repositioning ahead of US NFP
Stocks fluctuate as bond rally pauses ahead of volatile U.S
Stocks fluctuate as bond rally pauses ahead of volatile U.S. jobs report
Japanese household spending surges to highest level since 2022 amid wage growth
Japanese household spending surges to highest level since 2022 amid wage growth
Crude oil declines for the week as trade tariffs outweigh Iran supply risks
Crude oil declines for the week as trade tariffs outweigh Iran supply risks
Japanese yen climbs amid rate hike speculation as U.S
Japanese yen climbs amid rate hike speculation as U.S. jobs report approaches
Ethereum faces resistance near $2,817 as Pectra testnet launch nears
Ethereum faces resistance near $2,817 as Pectra testnet launch nears