Forex - EUR/GBP down during the Asian session

Forexpros – The Euro was lower against the British Pound on Friday after the release of euro zone data on French GDP.

EUR/GBP was trading at 0.8756, down 0.15% at time of writing.

The pair was likely to find support at 0.8663, Monday’s low, and resistance at 0.8886, Wednesday’s high.

Earlier in the day, preliminary official data showed that France’s gross domestic product remained unchanged unexpectedly at a seasonally adjusted 0.0% in the last quarter from 0.9% in the preceding quarter whose figure was revised down from 1.0%.

Analysts had expected French GDP to rise 0.3% in the last quarter.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.36% to hit 1.4189 and EUR/JPY falling 0.36% to hit 109.02.




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