The British pound has been losing pips to the euro to date in May.
While there are not any big headlines to clarify the euro’s gains against the pound, traders could also be pricing in U.K. growth concerns and improved growth prospects within the Euro Area.
Traders who could have priced in European Central Bank (ECB) June rate of interest cut bets could have also taken cues from members who suggested that a June rate cut could also be a “one and done” scenario.
Will EUR/GBP break its current resistance levels and extend its uptrend this week?
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