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31 Aug 2015
EUR/GBP firmer, toying with 0.7300
FXStreet (Edinburgh) -The recovery in EUR is allowing EUR/GBP to regain the vicinity of 0.7300 the figure at the beginning of the week.
EUR/GBP focus on EMU data
While market participants continue to digest the recent Symposium at Jackson Hole, the single currency seems to have recovered part of its shine and has opened the week in a firm footing and reverting the weakness seen in last sessions.
Ahead in the day, August’s preliminary inflation figures are due in the euro bloc, with consensus expecting core consumer prices to have risen 1% on a yearly basis. Across the Channel, the next relevant releases will come tomorrow with Mortgage Approvals, Markit’s Manufacturing PMI and Consumer Credit.
EUR/GBP key levels
At the moment the cross is advancing 0.33% at 0.7290 facing the next resistance at 0.7301 (high Aug.31) followed by 0.7334 (high Aug.27) and finally 0.7354 (high Aug.28). On the flip side, a breakdown of 0.7259 (low Aug.28) would aim for 0.7151 (low Aug.21) and then 0.7091 (low Aug.20).
EUR/GBP focus on EMU data
While market participants continue to digest the recent Symposium at Jackson Hole, the single currency seems to have recovered part of its shine and has opened the week in a firm footing and reverting the weakness seen in last sessions.
Ahead in the day, August’s preliminary inflation figures are due in the euro bloc, with consensus expecting core consumer prices to have risen 1% on a yearly basis. Across the Channel, the next relevant releases will come tomorrow with Mortgage Approvals, Markit’s Manufacturing PMI and Consumer Credit.
EUR/GBP key levels
At the moment the cross is advancing 0.33% at 0.7290 facing the next resistance at 0.7301 (high Aug.31) followed by 0.7334 (high Aug.27) and finally 0.7354 (high Aug.28). On the flip side, a breakdown of 0.7259 (low Aug.28) would aim for 0.7151 (low Aug.21) and then 0.7091 (low Aug.20).