OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/GBP finds resistance at 0.7830

FXStreet (Córdoba) - EUR/GBP is rising modestly on Tuesday on the back of weak data from the United Kingdom and it has been able to hold above 0.7800. Yesterday the pair bottomed at 0.7798, reaching the lowest price in a month.

During the Asian session the recovery from 0.7800 found resistance around 0.7830. After the release of data in the UK rose back toward the highs but once again lost bullish momentum near 0.7830. The pair remain moving sideways between 0.7810 and 0.7825 after inflation numbers from the Eurozone.

EUR/GBP steady after data

In the UK, the PMI construction index fell in october from 64.2 to 61.4 weakening the pound. Inflation numbers from the Eurozone showed that the Producer Price Index rose 0.2% in september, above the 0.0% expected; the annual rate remained at -1.4%; above the -1.5% expected.

EUR/USD holds up above 1.2500

EUR/USD bounced off session lows in the vicinity of 1.2500 and is back pushing against the upper side of today’s range at the 1.2525 zone, following bett
Read more Previous

LME Inventory Update

The daily inventory data released by the London Metal Exchange (LME) today showed a decline in the inventory levels of Aluminium and Zinc. Meanwhile, the data showed a rise in the inventory levels of Nickel.
Read more Next
Start livechat