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Message: [QUOTE="Resolve, post: 236860, member: 29339"] [B][SIZE=5]EUR/GBP Exchange Rate Hits 29-Month Low[/SIZE][/B] [img]https://i.imgur.com/F3mkMqI.png[/img] According to today’s daily chart of EUR/GBP: → The rate is around £0.832 per euro – the lowest since April 2022. → The RSI indicator has dropped into oversold territory. Yesterday, the EUR/GBP rate fell by 0.71%, driven by bearish sentiment following the release of PMI indices, which indicated a slowdown in the Eurozone economy. According to Forex Factory: French Flash Manufacturing PMI: actual = 44.0, expected = 44.3, previous = 43.9; French Flash Services PMI: actual = 48.3, expected = 53.0, previous = 55.0; German Flash Manufacturing PMI: actual = 40.3, expected = 42.4, previous = 42.4; German Flash Services PMI: actual = 50.6, expected = 51.1, previous = 51.2. Meanwhile, PMI indices for the UK remain above 50, signalling economic growth. Flash Manufacturing PMI: actual = 51.5, expected = 52.3, previous = 52.5; Flash Services PMI: actual = 52.8, expected = 53.5, previous = 53.7. [img]https://i.imgur.com/w34kMSy.jpeg[/img] [B][URL="https://fxopen.com/blog/en/oa-eur-gbp-exchange-rate-hits-29-month-low/?utm_source=earnforexforum&utm_medium=analysis&utm_campaign=resolve"]TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I] [/QUOTE]

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