EUR/GBP skids below 0.8700 after weak Eurozone PMI data, ECB policy eyed

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• EUR/GBP drops below 0.8700 as the ECB is expected to keep interest rates unchanged at 4.5%.
• The preliminary Eurozone PMI for October remains below the expectations and the former readings.
• The UK laborforce witnessed a drawdown for the third period in a row.

The EUR/GBP pair extends correction below the round-level support of 0.8700 after the release of the weaker-than-expected Eurozone preliminary PMI data for October.