EUR/GBP is testing support at 0.8700 despite risk-on markets

The Euro (EUR) trades lower against the British Pound (GBP) for the third consecutive day on Wednesday, with bears testing support at 0.8700 at the time of writing. The Pound fares better than the common currency amid the positive market sentiment triggered by the ceasefire in Iran. EUR/GBP depreciates for the third consecutive day, reaching session lows at… The Euro (EUR) trades lower against the British Pound (GBP) for the third consecutive day on Wednesday, with bears testing support at 0.8700 at the time of writing. The Pound fares better than the common currency amid the positive market sentiment triggered by the ceasefire in Iran. EUR/GBP depreciates for the third consecutive day, reaching session lows at 0.8700. A two-week ceasefire agreement between the US and Iran has boosted risk appetite.ECB speakers have reiterated the need for a tighter monetary policy.The Euro (EUR) trades lower against the British Pound (GBP) for the third consecutive day on Wednesday, with bears testing support at 0.8700 at the time of writing. The Pound fares better than the common currency… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.