EURGBP – Bears Take a Breather Above 13-Month Low

Published Jul 16, 2026 5:30 AM Source: Action Forex Event Time: Jul 16, 2026 5:30 AM

Imported headline
EURGBP – Bears Take a Breather Above 13-Month Low

Source
Action Forex - https://www.actionforex.com/contributors/technical-analysis/647424-eurgbp-bears-take-a-breather-above-13-month-low/

Summary
EURGBP edges higher in early Thursday after hitting 13-month low following 0.8% drop on Wednesday (the biggest daily loss since June 22), when the pound was strongly lifted by signals that new PM Burnham will pick a fiscally conservative finance minister to be in charge of handling fragile public finances.