EUR/GBP retreats from 5-month high as EU economy contracts

Share: EUR/GBP falls from a 5-month high of 0.8754, currently trading at 0.8705. Eurozone inflation drops to 2.9% in October, while GDP for Q3 misses forecasts, contracting by 0.1%. The Bank of England is expected to keep rates unchanged at 5.25% on November 2, as traders priced in rate cuts towards the end