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via fxstreet.comEconomy

Euro hits 17-month lows against sterling after Eurozone and UK PMIs

FROM THE WIRE · FXSTREET.COM

The Euro (EUR) keeps struggling to find a bottom against a strong British Pound (GBP) on Friday, as UK business activity data strengthened the case for a Bank of England (BoE) interest rate hike in November, while Eurozone data increased concerns about France.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishWeak Eurozone and strong UK PMI data push the euro lower against sterling.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The euro keeps struggling to find a bottom against a strong British pound.
  2. 02UK business activity data strengthens the case for a BoE rate hike in November.
  3. 03Eurozone data increases concerns about France.

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