OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/GBP climbs to 1-month highs

FXStreet (Córdoba) - The euro is rising against the pound for the third day in a row. As volatility jumped in financial markets, EUR/GBP climbed to 0.8018, hitting the strongest level since September 10.

The pair pulled back afterward below 0.8000 and currently trades around 0.7985, up 0.35% for the day, on its way to the highest close in a month as it continues to recover from multi-year lows that reached early October at 0.7760.

EUR/GBP approaches key 0.8030

The rally brought the pair near 0.8030 a key resistance, that capped the euro in May and August; during September traded above but failed to hold. Above 0.8030, the next resistance to consider lies at 0.8060/65 (Sept high).

To the downside, immediate support might lie at 0.7965 and below here at 0.7930/35 that was an important resistance at the beginning of the week.

GBP/USD resurges with US weakness - FXStreet

According to FXStreet Chief Analyst Valeria Bednarik, GBP/USD rose following the disappointing US data releases, unable to do that earlier on the positive UK employment numbers.
Read more Previous

Investors in Spanish government bonds should focus on Catalan vote - ING

James Knightley from ING urges investors in Spanish government bonds to pay more attention to the risks connected with the Catalan independence vote.
Read more Next
Start livechat