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EUR/GBP steady above 0.7900

FXStreet (Córdoba) - The euro is rising modestly against the pound on Tuesday, posting the second daily gain in a row, but still remains a hundred pips below last week high, when it climbed to 0.8038 (Nov 19 high) before dropping to 0.7902.

EUR/GBP unaffected by BoE presentation and Germany data

Growth data from Germany and the testimony to parliament by Bank of England MPC members, did not affect neither the pound or the euro on Tuesday. EUR/GBP started the day trading around 0.7915 and moved all day with an upside bias.

During the American session the pair peaked at 0.7941, reaching the highest price since last Friday as it continued to move away from weekly lows. Currently trades at 0.7935, up 0.39% as it recovers after bottoming on Monday at 0.7902, 1-week low.

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