EURGBP has experienced a strong rebound recently, showing signs of strength ahead of the release of Spanish unemployment data. The currency pair has been making significant gains, indicating a positive outlook for the euro against the British pound.
Investors are closely watching the upcoming Spanish unemployment report, as it could potentially impact the direction of EURGBP. A decrease in unemployment rates in Spain could further boost the euro’s performance, leading to continued gains against the pound.
Overall, the recent rebound in EURGBP suggests that the euro is gaining momentum and could potentially see further upside in the near future. Traders will be keeping a close eye on economic data releases to gauge the strength of the euro against the pound.