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via fxstreet.comMarkets

Euro rebounds against sterling as UK Budget takes centre stage

FROM THE WIRE · FXSTREET.COM

EUR/GBP bears take a breather on Wednesday, pausing a two-day losing streak as traders trim their exposure to the British Pound ahead of the UK Autumn Budget at 12:30 GMT. At the time of writing, the cross trades around 0.8375, up 0.17% on the day, but remains near its lowest…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe UK Budget may move sterling, making the EUR/GBP cross relevant near its May 2025 lows.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The EUR/GBP cross trades around 0.8375, up 0.17% on the day.
  2. 02The pair remains near its lowest levels since May 2025.
  3. 03The UK Autumn Budget is scheduled for 12:30 GMT.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Euro/UK Pound Sterling FX Cross RateEURGBPFX pair0.8375-0.06%today +0.16%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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