OctaFX | OctaFX Forex Broker
Open trading account

EUR/GBP still hovering near 0.80 – KBC

FXStreet (Barcelona) - The KBC Bank Research Team notes that EUR/GBP is still near 0.80 level despite less dovish BoE Minutes.

Key Quotes

“Sterling gained ground against the euro and the dollar after the publication of the minutes. EUR/GBP returned temporary below 0.80. Cable touched the 1.57 big figure but is also off the highs. The correction is logic given the recent BoE talk and subsequent sterling selling. That said, we see yesterday’s reaction rather as a bit disappointing for sterling bulls.”

“As said, we considered yesterday’s GBP rebound after the BoE minutes a slightly disappointing. The resilience for EUR/GBP might be partly due to euro strength. This factor might still be in play today (EMU PMI’s).Even so, we are keen to see the sterling reaction in case of strong UK eco data. Has the EUR/GBP rally run its course?”

The GBP/JPY ended at a fresh six-year high of 184.969 – FXStreet

FXStreet Editor and Analyst Omkar Godbole notes that the GBP/JPY pair ended at a fresh six-year high of 184.969, breaching the recent highs of 184.335 and 184.68 on its way up.
Read more Previous

EUR/USD fades the spike to 1.2580

A bout of risk appetite boosted EUR/USD back to test the 1.2580 area on Thursday, although the bull run lost impetus after the German releases...
Read more Next
Start livechat