EUR/GBP Bearish By 1% In The Last 10 Sessions

(VIANEWS) – EUR/GBP (EURGBP) has been up by 1.05% for the last 10 sessions. At 11:07 EST on Wednesday, 2 October, EUR/GBP (EURGBP) is $0.83.

EUR/GBP’s yearly highs and lows, it’s 0.18% up from its 52-week low and 5.019% down from its 52-week high.

Eur/gbp holds losses near 0.8350 despite lower UK GDP figures. According to FXStreet on Monday, 30 September, "The EUR/GBP cross recieved downward pressure from the increasing odds of the European Central Bank (ECB) implementing another interest rate cut in October. "
Eur/gbp price forecast: correction higher stalls with risk of further downside ever present. According to FXStreet on Monday, 30 September, "More broadly, EUR/GBP has now reached the first downside target for the move that began at the August 5 high suggesting an easing in bearish pressure. "
Eur/gbp trades flat above 0.8300 as traders await the eurozone inflation data. According to FXStreet on Tuesday, 1 October, "The EUR/GBP cross trades on a flat note around 0.8330 on Tuesday during the early European session. "

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