3 Jul 2013
EUR/GBP Dumps on dovish sentiment
FXstreet.com (London) - EUR/GBP has dumped on a series of EZ data has been released, as Markit Services PMI (Jun) and EZ Markit Services PMI & Markit PMI composite (Jun).
EUR/GBP is now trading 0.43% lower and is oscillating 0.8521/30. Markit Services for the nations Italy, Germany were printing in the red, while the lesser of nations in focus as France and Spain were slightly higher. The EZ data in Markit Serivices PMI and Markit PMI composite were both in the red, albeit slightly lower than the consensus. Overall, this data will be adding fuel to sentiment around a dovish ECB on Thursday. The 0.8422 mid-May low is offering near term support while the 2012-13 support line comes into focus at 0.8401.
EUR/GBP is now trading 0.43% lower and is oscillating 0.8521/30. Markit Services for the nations Italy, Germany were printing in the red, while the lesser of nations in focus as France and Spain were slightly higher. The EZ data in Markit Serivices PMI and Markit PMI composite were both in the red, albeit slightly lower than the consensus. Overall, this data will be adding fuel to sentiment around a dovish ECB on Thursday. The 0.8422 mid-May low is offering near term support while the 2012-13 support line comes into focus at 0.8401.