The EUR/GBP is losing ground on Monday, with the Euro slipping following dovish comments from the European Central Bank's (ECB) President Christine La
noted that there has been an overall slowdown in momentum for the EU economy, and job creation continues to moderate.
Despite Monday's backslide, the Euro continues to trade well against the Pound Sterling overall looking longer-term. The EUR/GBP managed to swing into a fresh four-month high before falling back to 0.8670. Euro traders will be making note of the ECB's monthly bulletin due on Thursday, while Friday brings UKMarket forecasts see the annualized GDP growth rate for the UK holding steady in the 2nd quarter at 0.4%.
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