EUR/GBP Price Forecast: Euro rallies to fresh highs and looks to the 0.8735 level

  • The Euro extends its gains for the second consecutive day against the Pound Sterling, reaching fresh three-week highs above 0.8700, with bulls targeting the year-to-date high of 0.8740. UK data released earlier on Friday revealed that Retail Sales increased by a softer-than-expected 0.9% rate in June, against expectations of a 1.2% growth and following a 2.7% decline in May.