Share: The EUR/GBP climbed to a fresh five-month high at 0.8740 on Friday, but the Euro bid proves short-lived. The Euro is set to close out Friday’s trading session in the red, but still sees green for the week against the Pound Sterling. Next week sees EU & UK PMI double-header on Tuesday.
The euro fell to its lowest level in over five months against the dollar on Thursday, as the European Central Bank’s (ECB) recent interest rate hike led market participants to believe it could be the last of its kind. The common currency slipped below $1.066 after the ECB’s announcement and continued to decline even after
