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6 Aug 2015
EUR/GBP a tad firmer, 0.70 on sight
FXStreet (Edinburgh) - EUR/GBP has managed to leave session lows in the 0.6980 area on Thursday, currently looking to assault the psychological mark at 0.7000.
EUR/GBP focus on BoE, UK data
The recent resilience of the sterling in combination with the offered tone around the single currency has prompted the European cross to test lows in the mid-0.6900s, although sellers could not push any lower.
Plenty of activity in the UK calendar today, where the BoE will take central role, as the MPC meeting is due, followed by its minutes, the Quarterly Inflation Report and the subsequent speech by Governor M.Carney.
EUR/GBP key levels
At the moment the cross is up 0.13% at 0.6998 and a breakout of 0.7045 (high Aug.4) would open the door to 0.7102 (high Jul.23) and finally 0.7160 (high Jul.27). On the other hand, the immediate support lines up at 0.6963 (low Jul.22) followed by 0.6947 (low Jul.21) and finally 0.6936 (2015 low Jul.17).
EUR/GBP focus on BoE, UK data
The recent resilience of the sterling in combination with the offered tone around the single currency has prompted the European cross to test lows in the mid-0.6900s, although sellers could not push any lower.
Plenty of activity in the UK calendar today, where the BoE will take central role, as the MPC meeting is due, followed by its minutes, the Quarterly Inflation Report and the subsequent speech by Governor M.Carney.
EUR/GBP key levels
At the moment the cross is up 0.13% at 0.6998 and a breakout of 0.7045 (high Aug.4) would open the door to 0.7102 (high Jul.23) and finally 0.7160 (high Jul.27). On the other hand, the immediate support lines up at 0.6963 (low Jul.22) followed by 0.6947 (low Jul.21) and finally 0.6936 (2015 low Jul.17).