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Germany Producer Price Index (MoM) came in at 0.1%, above forecasts (0%) in October

Switzerland Trade Balance climbed from previous 4073M to 4319M in October

Switzerland Trade Balance climbed from previous 4073M to 4319M in October
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EUR/GBP softens below 0.8850 despite growing expectations of BoE rate cut

The EUR/GBP cross loses momentum to near 0.8820 during the early European session on Thursday. Nonetheless, the potential downside for the cross might be limited, as weakening UK economic data have increased expectations for a Bank of England (BoE) interest rate cut in December.
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