Skip to main content

EUR/GBP continues to leak lower today

Earlier today the EUR/GBP rose to its highest level of the month so far, when it reached 0.8571. That move came during the Asian session today, but since then it has been falling back and a short while ago it reached a session low at 0.8536. It is above that low now, but not materially so. The negative bias espoused here previously has not changed, but it is a tough battle for the Pound to push higher. There can be little denying that if one looks at the price action and that 0.8500 level remains a tough price point to crack on the downside. However, given all the dynamics and fundamentals, it would seem wrong to call a base on this pair yet. The EUR/GBP is currently trading at 0.8540 
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!