Forex: EUR/GBP dips to lows on unchanged BoE

FXstreet.com (Barcelona) - As expected, the BoE left intact both the Asset Purchase Programme and the refi rate, at £375 billion and 0.5%, respectively, giving some brief support to the sterling. The cross reacted accordingly, with a brief knee-jerk to print fresh lows around 0.8430 although bouncing soon after to the current area of 0.8440.

EUR/GBP is now losing 0.34% at 0.8437 with the next support at 0.8410 (low May 7) ahead of 0.8400 (low May 6) and finally 0.8398 (low Apr.26).
On the upside, a surpass of 0.8473 (high May 9) would then target 0.8488 (high May 8) en route to 0.8497 (high May 1).