The Euro strengthened against the British Pound on Tuesday, pushing the EUR/GBP exchange rate higher. The pair was trading around 0.8800, posting a daily gain of nearly 0.30%. The Pound’s weakness was the primary catalyst, coming under significant pressure following the release of disappointing UK labor market data which dampened sentiment towards the British currency.
From a technical perspective, the outlook for the currency pair remains constructive. Analysts are now watching for a potential bullish breakout above the key resistance level of 0.8830. A sustained move above this threshold could open the door for further gains, signaling continued Euro strength against a vulnerable Pound in the forex trading session.
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Data Source: GrowingPool Analysis Team Updated: 2025-11-11 16:52
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.