Long position entered for EURGBP at 0.8791.
Stop Loss: 0.8754.
Long EUR/GBP position entered due to the clear relative strength of the Euro against the Pound.
The Pound plunged following weak UK inflation data, while the Euro showed resilience despite soft Eurozone data.
Furthermore, the ECB’s stable policy stance contrasts with the BOE’s anticipated rate cut and uncertain voting outcome, creating a favorable environment for a long EUR/GBP position.
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