Back
4 Jun 2015
EUR/GBP down from 0.7390
FXStreet (Edinburgh) - The generalized better sentiment towards the risk appetite is propping up both the pound and the euro, leaving EUR/GBP sidelining around 0.7350/60.
EUR/GBP unchanged post-BoE
The cross posted no reaction after the BoE left intact its monetary stance at its meeting today, with the refi rate at 0.5% and the asset purchase facility at £375 billion.
The European cross remains focused on the German debt market as the main driver behind the recent upside momentum, with Greek headlines temporarily in the back burner.
EUR/GBP key levels
As of writing the cross is up 0.02% at 0.7352 and a breakout of 0.7387 (high Jun.4) would expose 0.7419 (high May 1) and the 0.7449 (high May 6). On the flip side, the initial support aligns at 0.7252 (low Jun.3) ahead of 0.7179 (low Jun.2) and finally 0.7145 (low Jun.1).
EUR/GBP unchanged post-BoE
The cross posted no reaction after the BoE left intact its monetary stance at its meeting today, with the refi rate at 0.5% and the asset purchase facility at £375 billion.
The European cross remains focused on the German debt market as the main driver behind the recent upside momentum, with Greek headlines temporarily in the back burner.
EUR/GBP key levels
As of writing the cross is up 0.02% at 0.7352 and a breakout of 0.7387 (high Jun.4) would expose 0.7419 (high May 1) and the 0.7449 (high May 6). On the flip side, the initial support aligns at 0.7252 (low Jun.3) ahead of 0.7179 (low Jun.2) and finally 0.7145 (low Jun.1).