TenkoFX - Analytics

    TenkoFX

    416.75 7.25/10
    68% of positive reviews
    Real

    EUR/GBP  hits another 2-year high, still under 0.8200

    EUR/GBP  continues to rise and reached the strongest level since March 2014, slightly above yesterday’s highs at 0.8395 but still remains limited below 0.8400.A stronger euro and a weak pound pushed the pair further to the upside. Yesterday’s comments from Mark Carney, governor of the Bank of England, signaling at a rate cut in the coming months added pressure to the pound. While EUR/USD remains above 1.1300, GBP/USD is testing daily lows, near the 1.3250 area.Currently EUR/GBP trades at 0.8390, up almost 50 pips for the day and 260 from the level it closed last Friday.EUR/GBP: another strong week, confirms Brexit gainsAfter falling on Tuesday and Wednesday (a correction from the Brexit referendum results rally), it resumed the upside. The recent gains confirm last week gains.On June EUR/GBP had the best month since November 2008. It climbed 700 pips and it is starting July testing a key resistance level located around the 0.8400 handle. A break higher could open the doors for more medium-term gains.EUR/GBP monthly 


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree