EUR/GBP Gains for Second Straight Day Near Multi-Day Top Despite Mixed PMI Prints
The EUR/GBP currency pair continues to gain traction for a second straight day, despite mixed PMI prints from both the Eurozone and the UK. The disappointing UK Retail Sales figures and a negative surprise from the UK Manufacturing PMI add to the British Pound’s underperformance, acting as a tailwind for the EUR/GBP cross. While the Eurozone PMI data remains fairly strong, the rising bets for a Bank of England rate hike in May could cap further gains. Learn more about the factors driving the EUR/GBP cross and how they could impact your trading decisions.