Next up UK PMI reports- EUR/GBP slips to new 2024 lows after German data

The impact of the really poor French and German PMI data this morning has helped to push the EUR/GBP lower. Given just how weak that French and German data was, it is perhaps a surprise the EUR/GBP has not fallen further and faster than it has. Well, the main reason for that could rest with the fact that at 8.30am GMT we will get the equivalent reports from the UK. If the UK data does not disappoint in the same way as the other two, then perhaps the EUR/GBP will fall closer to the noted, next important level, at 0.8333. That price point has already been touched upon last week and again earlier today. The EUR/GBP has so far fallen to set a new 2024 low this morning, at 0.8369. The UK PMI data is forecast to remain resiliently in expansionary territory, above 50. A report will follow here as soon as that data hits the wires in less than one hour. The EUR/GBP is currently trading at 0.8371