12 May 2015
EUR/GBP good two way business
FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7172 with a high of 0.7227 and a low of 0.7152.
EUR/GBP has been good two way business since the open in Europe where the pair rallied on EUR/USD bids, triggering stops and stages of bids until the highs on the back of a weak greenback and Fed chatter that interest rates will not be risen soon. The highs were short lived and the cross has dropped back post some decent UK data in manufacturing and industrial productions that sent Sterling on a jolly to 1.5712 the highs from the early 1.5550's and the overnight lows.
EUR/GBP data and event impacts
Meanwhile, the ECB say that the Greeks are still solvent and they raised the ELA by 1.1bEUR to 80bEUR. The Greeks also made their first principal payment today and repaid EUR757m to the IMF. This is the first of a series of repayments due. Coming up this week we have the BoE Inflation Report tomorrow, Wednesday 13th May. Governor Carney might still need to mention easing in his letter to the Chancellor, as a measure that the BoE still has at its disposable if need be in order to push inflation up to target. Technically, the cross needs to get above 0.7323 otherwise the base of the range at 0.7157 remains under threat.
EUR/GBP has been good two way business since the open in Europe where the pair rallied on EUR/USD bids, triggering stops and stages of bids until the highs on the back of a weak greenback and Fed chatter that interest rates will not be risen soon. The highs were short lived and the cross has dropped back post some decent UK data in manufacturing and industrial productions that sent Sterling on a jolly to 1.5712 the highs from the early 1.5550's and the overnight lows.
EUR/GBP data and event impacts
Meanwhile, the ECB say that the Greeks are still solvent and they raised the ELA by 1.1bEUR to 80bEUR. The Greeks also made their first principal payment today and repaid EUR757m to the IMF. This is the first of a series of repayments due. Coming up this week we have the BoE Inflation Report tomorrow, Wednesday 13th May. Governor Carney might still need to mention easing in his letter to the Chancellor, as a measure that the BoE still has at its disposable if need be in order to push inflation up to target. Technically, the cross needs to get above 0.7323 otherwise the base of the range at 0.7157 remains under threat.