OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/GBP testing the 0.8600 level after BoE

FXstreet.com (Barcelona) - The EUR/GBP has moved higher Wednesday, moving out of a trough created during the overnight session that held the pair at the 0.8570 level. However, during European trading, the advent of UK data and the BoE minutes has moved the 0.8600 level, securing an advance of +0.27% above its opening.

In the United Kingdom, the Claimant Count Change (March) yielded a result of -7.0K, against expectations of 0.0K. Moreover, the ILO Unemployment Rate (3M) came in at 7.9% in February, against projections of +7.8%.

Mataf.net analysts identify the next resistive measures of resistance for the EUR/GBP at 0.8612, onto 0.8648, and finally 0.8693. On the pullback, supports for the pair will trigger should the cross reach 0.8535, onto 0.8490, and finally the 0.8456 handle.

United Kingdom Claimant Count Rate flat at 4.6% in Mar

Read more Previous

Forex Flash: Japan’s monetary base already larger than that of US or UK - Nomura

Richard Koo, Chief economist at the Nomura Research Institute notes that Japan’s monetary base already larger than that of US or UK.
Read more Next
Start livechat