EUR/GBP jumps into five-month high at 0.8740, but bump quickly reverses direction to go red for Friday

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• The EUR/GBP climbed to a fresh five-month high at 0.8740 on Friday, but the Euro bid proves short-lived.
• The Euro is set to close out Friday’s trading session in the red, but still sees green for the week against the Pound Sterling.
• Next week sees EU & UK PMI double-header on Tuesday.

The EUR/GBP caught a quick boost into fresh highs near 0.8740 before markets reversed the day’s market flows, taking the Euro (EUR) back down against the Pound Sterling (GBP) into the red for Friday, though the EUR/GBP is still closing out a successful trading week with the pair up over 0.6% from Monday’s opening prices.