EUR/GBP continues the winning streak for the third consecutive day, revisiting the five-month high around 0.
EUR/GBP continues the winning streak despite downbeat German Retail Sales. Investors await Eurozone HICP and GDP data to gain economic insights into the Eurozone. BoE is expected to maintain interest rates at 5.25%; weakening the Pound Sterling. 8740 during the European session on Tuesday. The cross-pair receives upward support despite the weaker German Retail Sales , which declined by 4.3% in September compared to the previous drop of 2.3%.
These indicators could provide crucial insights into the inflationary pressures and the economic performance of the Eurozone. The anticipation that the Bank of England will maintain interest rates at 5.25% in Thursday's decision is a significant factor in weakening the market sentiment toward the British Pound . Investors will also likely monitor the BoE Monetary Policy Committee report.
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