Back
20 May 2015
EUR/GBP falls to test May lows
FXStreet (Córdoba) - EUR/GBP broke below 0.7145 and dropped to 0.7125, reaching the lowest level in a week. The pair remain near the lows, holding a bearish tone.
EUR stabilizes, GBP climbs
The pair recently moved further to the downside, as GBP/USD climbed modestly to fresh highs above 1.5550 while EUR/USD remained steady hovering around 1.1100.
The pound so far is the best performer among European currencies on Wednesday. Earlier the Bank of England release the minutes from the latest MPC meeting, which showed that two members were considering a rate hike.
EUR/GBP near key support
The recent decline of the pair brought the price near the 0.7110/20 area, where April and May lows are located. A break below would send the price to levels last seen back in early March and could trigger a bearish acceleration.
EUR stabilizes, GBP climbs
The pair recently moved further to the downside, as GBP/USD climbed modestly to fresh highs above 1.5550 while EUR/USD remained steady hovering around 1.1100.
The pound so far is the best performer among European currencies on Wednesday. Earlier the Bank of England release the minutes from the latest MPC meeting, which showed that two members were considering a rate hike.
EUR/GBP near key support
The recent decline of the pair brought the price near the 0.7110/20 area, where April and May lows are located. A break below would send the price to levels last seen back in early March and could trigger a bearish acceleration.