- The EUR/GBP is backsliding into 0.8660 as Pound Sterling sees a Friday rebound.
- EU Retail Sales, UK GDP on the back half of next week's economic calendar.
- GBP the big winner for Friday.
The EUR/GBP is skidding towards 0.8660 as the market heads into the closing bell for the week, and the Pound Sterling (GBP) recovery from recent months-long lows is taking the EUR/GBP down into bids not seen in almost three weeks.
The Euro (EUR) traded mostly flat against the Pound Sterling in a rough range this week before a broad-market sentiment recovery on the back of a missed US Nonfarm Payrolls (NFP) report sparked risk appetite for investors heading into the eleventh hour.
GBP set for a repeat volatility surge next Friday, UK GDP in the pipe
The back half of next week sees top-tier data for both the EU and the UK, with EU Retail Sales on Wednesday and UK Gross Domestic Product (GDP) figures on the docket for next Friday.
EU Retail Sales are currently expected to decline further for the year into September, forecast at -3.1% compared to the previous -2.1%, while UK GDP is expected to soften for the 3rd quarter, forecast to print at -0.1% compared to the previous quarter's 0.2%.
EUR/GBP Technical Outlook
The EUR/GBP's Friday softening sees the pair tumbling directly towards 0.8660, running into a rising trendline from mid-August's low just beneath 0.8500.
The pair has slipped away from long-term median prices, declining from the 200-day Simple Moving Average (SMA) which is currently drifting lower from the 0.8700 handle.
Near-term technical support for the EUR/GBP sits at the 50-day SMA leaning bullish from the 0.8640 level, and investors will want to keep an eye out for any wobbling in the pair's bids as prices battle it out for a clean break of the bullish trendline.
EUR/GBP Daily Chart
EUR/GBP Technical Levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
Gold falls amid a possible de-escalation of US-China tensions Premium
Gold pulled back from its all-time high of $3,500 per troy ounce reached earlier on Tuesday, as a resurgent US Dollar and signs of easing tensions in the US–China trade dispute appeared to draw sellers back into the market.
EUR/USD retreats to daily lows near 1.1440
EUR/USD loses the grip and retreats to the 1.1440 zone as the Greenback’s rebound now gathers extra steam, particulalry after some positive headlines pointing to mitigating trade concerns on the US-China front on Tuesday.
GBP/USD deflates to weekly lows near 1.3350
GBP/USD loses further momentum and recedes to the 1.3350 zone on Tuesday, or two-day troughs, all in response to the frmer tone in the US Dollar and encouraging news from the US-China trade scenario.
3% of Bitcoin supply in control of firms with BTC on balance sheets: The good, bad and ugly
Bitcoin disappointed traders with lackluster performance in 2025, hitting the $100,000 milestone and consolidating under the milestone thereafter. Bitcoin rallied past $88,000 early on Monday, the dominant token eyes the $90,000 level.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.